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...

This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, we mean that the public good is produced by private providers with the government financing their costs. When the model is calibrated to match...

Quantity rationing is widely used by the traditional literature on public health care expenditure determination as a means to justify the coexistence of the private health care sector. However, this artefact is not suitable for a wide range of health care services that have an "all or nothing"...