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the budget, performance-based budgeting, revenue performance, debt management, measuring a government's net worth …In Western democracies, systems of checks and balances built into government structures have formed the core of good … help assess a government's fiscal health from the perspective of public accountability, including the political economy of …
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In this paper we take a close look at some of the particular pathways by which majoritarian and consensual institutions affect governability. We demonstrate that the mix of majoritarian and consensual institutions found within a country can influence these pathways quite dramatically, such that...
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The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time - 200 years or more - and is still evolving. It discusses Douglass North's prediction - which is supported by available data - that institutional...
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