TY  - JOUR
AU  - Alesina,Alberto
AU  - Perotti,Roberto
TI  - Budget Deficits and Budget Institutions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5556
PY  - 1996
Y2  - May 1996
UR  - http://www.nber.org/papers/w5556
L1  - http://www.nber.org/papers/w5556.pdf
N1  - Author contact info:
Alberto F. Alesina
Department of Economics
Harvard University
Littauer Center 210
Cambridge, MA 02138
Tel: 617/495-8388
Fax: 617/495-7730
E-Mail: aalesina@harvard.edu

Roberto Perotti
IGIER Universita' Bocconi
Via Roentgen 1
20136 Milano
ITALY
Tel: 39 02 58363073
Fax: 39 02 58363302
E-Mail: roberto.perotti@unibocconi.it
M1  - published as Alberto F. Alesina, Roberto Perotti. "Budget Deficits and Budget Institutions," in James M. Poterba and Jürgen von Hagen, editors, "Fiscal Institutions and Fiscal Performance" University of Chicago Press (1999)

M2  - featured in NBER digest on 1996-09-01
AB  - 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.
ER  -