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Governance and Efficiency of Fiscal Institutions
2014The rationale for fiscal rules and institutions has been explained by the existence of deficit and spending biases that arise due to political fragmentation within government or between governments that alternate in office. In common pool models fiscal outcomes are determined by the decision-making rule that is used to aggregate conflicting interests ...
BARRA, CRISTIAN +2 more
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Fiscal institutions, fiscal policy and sovereign risk premia in EMU
Public Choice, 2008Mark Hallerberg, Guntram B Wolff
exaly
Fiscal Institutions: Their Relation with Fiscal Discipline and Power of the Purse
2018This study examines the impact of fiscal institutions on the fiscal discipline and the power of the purse. Fiscal institutions are classified as fiscal rules, independent fiscal institutions and fiscal councils. According to normative perspective, all fiscal institutions have potential to strengthen fiscal discipline and the power of the purse when ...
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