Budget Deficits and Budget Institutions

   (1697 K)

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issues. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and US states.

Published:

• Fiscal Institutions and Fiscal Performance. Poterba, James M., and Jurgenvon Hagen, eds., Chicago: The University of Chicago Press, 1999,pp. 13-36. ,
• Budget Deficits and Budget Institutions, Alberto F. Alesina, Roberto Perotti, in Fiscal Institutions and Fiscal Performance (1999), University of Chicago Press
  

This paper is available as PDF (1697 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX