Budget Deficits and Budget Institutions

Alberto Alesina and Roberto Perotti

No 1996/052, IMF Working Papers from International Monetary Fund

Abstract: By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issue. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and the United States. We conclude with a discussion of the normative implications of this literature and with some concrete proposals.

Keywords: WP; budget procedure; budget institution; GNP ratio; government negotiations; line item; spending minister; government fragmentation; government proposal; government fragility; power of the executive; pork barrel; government preparation; Budget planning and preparation; Government debt management; Fiscal consolidation; Fiscal law (search for similar items in EconPapers)
Pages: 36
Date: 1996-05-01
References: Add references at CitEc
Citations: View citations in EconPapers (105)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2021 (application/pdf)

Related works:
Chapter: Budget Deficits and Budget Institutions (1999)
Working Paper: Budget Deficits and Budget Institutions (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1996/052

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().