Rules and institutions for sound fiscal policy after the crisis

The volume collects the essays presented at the 13th Workshop on Public Finance organised by Banca d'Italia in Perugia on 31 March-2 April 2011. The workshop concentrated on the measures aimed at guaranteeing sustainable budget policies in the aftermath of the global crisis started in 2008, affording special consideration to rules and institutions. Session 1 analysed the experiences that took shape in individual states thanks to their own budget frameworks and institutions. Session 2 investigated the evolution and the reform of European fiscal guidelines. Session 3 dealt with independent authorities and the rules intended to put a check on public expenditure. The final session was devoted to possible future developments of national norms and budget institutions.