Showing 11 - 20 of 100,288
In the last decades, though in absence of formal reforms, some events have changed the role of the Italian Parliament in the budget decision, introducing the executive supremacy in the budget decision. The new balance of power between executive and legislative suggests to reshape the...
Persistent link: https://www.econbiz.de/10010575315
explored. Proponents of biennial budgeting argue that changing to a biennial process will provide several benefits to Congress … that have recently moved from annual budgeting to biennial budgeting to determine how the changes affected the influence … Authorizers following a shift to biennial budgeting. Chapter 5 considers whether timing and transparency problems under an annual …
Persistent link: https://www.econbiz.de/10014221216
such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … with some suggestions for the design of a strong fiscal rule in Japan. …
Persistent link: https://www.econbiz.de/10010374865
Persistent link: https://www.econbiz.de/10010243682
This paper develops an intertemporal model of legislative bargaining in the presence of distorting redistributive instruments. It includes negotiations in the cabinet and in the parliament that acts with or without coalitional discipline. We focus on the comparison of outcomes with negotiations...
Persistent link: https://www.econbiz.de/10005673144
In view of the growing attention paid to the role of fiscal governance in budgetary outcomes, this paper tries to shed light on the link between the recent Greek fiscal crisis and aspects of fiscal governance. It reviews fiscal developments in Greece over the last decade and challenges the...
Persistent link: https://www.econbiz.de/10010686668
The recent economic crisis, one of the symptoms of which is a sudden increase of public debt in the majority of OECD countries, again made the government and the society aware of the necessity for conducting transparent, but also responsible fiscal policy. Creating a framework of the fiscal...
Persistent link: https://www.econbiz.de/10011123183
This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990-2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...
Persistent link: https://www.econbiz.de/10009646125
This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990–2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...
Persistent link: https://www.econbiz.de/10010577071
There is a growing interest in the role of independent fiscal councils in strengthening the incentives for fiscal discipline and improving fiscal performance. This paper discusses the motivation for the establishment of such councils and draws on the existing literature and the range of fiscal...
Persistent link: https://www.econbiz.de/10008852246