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This paper exploits the introduction of the right of referenda at the local level in the German state of Bavaria in 1995 to study the fiscal effects of direct democracy. In the first part of the paper, we establish the relationship between referenda activity and fiscal performance by using a new...
Persistent link: https://www.econbiz.de/10009762810
evolution of central finance agencies / Richard Allen and Philipp Krause -- Role of the legislature in budget processes / Ian …
Persistent link: https://www.econbiz.de/10009785002
We implement a meta-regression-analysis for the budgetary impact of numerical fiscal rules. Based on 30 studies published in the last decade, we offer a consensus estimate with respect to the level of statistical significance, provide suggestive evidence for the effect size, and identify study...
Persistent link: https://www.econbiz.de/10011444762
Many economic studies analyse the impact of fiscal rules and discuss their effectiveness in limiting excessive debt. A majority of these studies, however, neglects or only deals insufficiently with the potential issue of endogeneity. In this paper, we propose a novel identification approach...
Persistent link: https://www.econbiz.de/10010485290
There is relatively little literature that analyses the role, functions, and organization of finance ministries. The …’s history and institutional context. Over the past 30 years many finance ministries have moved from a “traditional” to an …’s–length agencies or line ministries. The paper describes the challenges facing developing countries in strengthening their finance …
Persistent link: https://www.econbiz.de/10012692655
the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The … reforms and leadership by finance ministries are critical. PFTAC's advice is highly regarded across the region, and it could …
Persistent link: https://www.econbiz.de/10012302044
Persistent link: https://www.econbiz.de/10011716991
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oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the …
Persistent link: https://www.econbiz.de/10012106390
primary source for academics and students of economics, public finance, accountancy and public policy. … Political Economy of PFM Reforms -- 5 The Role, Responsibilities, Structure and Evolution of Central Finance Agencies -- 6 Role …
Persistent link: https://www.econbiz.de/10014234642