TY  - JOUR
AU  - Alesina,Alberto
AU  - Hausmann,Ricardo
AU  - Hommes,Rudolf
AU  - Stein,Ernesto
TI  - Budget Institutions and Fiscal Performance in Latin America
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5586
PY  - 1996
Y2  - May 1996
UR  - http://www.nber.org/papers/w5586
L1  - http://www.nber.org/papers/w5586.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

Ricardo Hausman
Harvard Kennedy School
79 JFK St.
Cambridge
MA
02138
Tel: 617-496-3740
E-Mail: ricardo_hausmann@harvard.edu

Ernesto Stein
Kennedy School of Government
Littauer Bldg
79 J F Kennedy Street
Cambridge, MA 02138
E-Mail: ernestos@iadb.org
M2  - featured in NBER digest on 1996-09-01
AB  - In this paper we collect detailed information on the budget institutions of Latin American countries.  We classify these institutions on a `hierarchical'/'collegial' scale, as a function of their transparency and the existence of legislative constraints on the deficit.  We then show that `hierarchical' and transparent procedures have been associated with more fiscal discipline in Latin America in the eighties and early nineties.
ER  -