We present a dynamic two-region model with overlapping generations. There are two types of public expenditure, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its allocation across the two outlays. Productivity of government infrastructure...

This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a quot;fiscal deficit biasquot; and the empirical evidence on the economic, political and institutional factors leading to this...

This research publication through the Ministry of Finance (Government of Karnataka) is a comparative study of national budgetary policy between India, the US, the UK, and Japan. The vast difference in their politico-economic history and these countries' pertinence in the global economy make them...

In March 2015, some of the legislative norms whereby the budget process is regulated, were suspended due to the fact that in the new economic situation some of the parameters approved by Federal Law of 1 December 2014, No 384-FZ ‹On the Federal Budget for 2015 and Planning Period 2016 and 2017...

Measuring the cost of legislation or even projecting the course of the federal budget requires defining a budget baseline — a starting point capturing the current state of the budget. Budget baselines underlie most measures employed in federal budget debates and enforcement rules. Yet, despite...

This festschrift celebrates the extensive contribution John Wanna has made to the research and practice of politics, policy and public administration. It includes both personal acknowledgements of his work and substantial essays on the issues that he focused most closely upon during his academic...

List of figures -- List of tables -- Editor biographies -- Contributor biographies -- Acknowledgements -- Chapter 1: teaching public budgeting and finance / Bruce D. McDonald, III and Meagan M. Jordan -- Chapter 2: public budgeting and finance in context / Meagan M. Jordan and Merl Hackbart --...

This study investigates the effect of internal reporting environment openness and organizational identification on managers’ budgetary misreporting. Using an experiment, we find that organizational identification moderates the effect of internal reporting environments on misreporting. That is,...