Budget Institutions and Fiscal Performance in Latin America

Alberto Alesina, Ricardo Hausmann, Rudolf Hommes and Ernesto Stein

No 5586, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper we collect detailed information on the budget institutions of Latin American countries. We classify these institutions on a `hierarchical'/'collegial' scale, as a function of their transparency and the existence of legislative constraints on the deficit. We then show that `hierarchical' and transparent procedures have been associated with more fiscal discipline in Latin America in the eighties and early nineties.

Date: 1996-05
Note: PE ME
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Citations: View citations in EconPapers (54)

Published as Journal of Development Economics, Vol. 59, no. 2 (August 1999): 253-273.

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Related works:
Journal Article: Budget institutions and fiscal performance in Latin America (1999)
Working Paper: Budget Institutions and Fiscal Performance in Latin America (1999)
Working Paper: Budget Institutions and Fiscal Performance in Latin America (1998)
Working Paper: Budget institutions and fiscal performance in Latin America (1996)
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