Fiscal rules specify quantitative targets for key budgetary aggregates. In this paper, we review the experience with such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find that the fiscal rule of the 1980s exerted some but not...

Public budgeting in perspective -- Budgetary decision making -- Budget organization and structure -- Economics and politics -- Taxing and spending -- National budgeting -- Budgeting in the states -- Budgeting in local units of government -- Budget execution and financial management -- Patterns...

Public budgeting in perspective -- Budgetary decision making -- Budget organization and structure -- Economics and politics -- Taxing and spending -- National budgeting -- Budgeting in the states -- Budgeting in local units of government -- Fiscal federalism and intergovernmental fiscal...

Past governments in Myanmar presided over a system generally characterized by weak fiscal management, but this has recently changed with the present government restoring a measure of fiscal discipline, reorienting fiscal priorities, and establishing a clear set of fiscal objectives in the...

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...