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Institutions And Fiscal Sustainability

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  • Rose, Shanna
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    Abstract

    As budgetary commitments outpace current revenues and long-term liabilities balloon, the fiscal sustainability of state and local governments is a matter of mounting concern. Over the years, these governments have experimented with a wide variety of political and fiscal institutions, ranging from direct democracy to balanced budget rules, with the goal of slowing the growth of government and increasing financial responsibility. This article synthesizes the related empirical literature, summarizing what we know (and don’t know) about the effectiveness of various rules and procedures in promoting fiscal sustainability.

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    Bibliographic Info

    Article provided by National Tax Association in its journal National Tax Journal.

    Volume (Year): 63 (2010)
    Issue (Month): 4 (December)
    Pages: 807-37

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    Handle: RePEc:ntj:journl:v:63:y:2010:i:4:p:807-37

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    Cited by:
    1. Sedmihradská, Lucie & Haas, Jakub, 2012. "Budget transparency and fiscal performance: Do open budgets matter?," MPRA Paper 42260, University Library of Munich, Germany.
    2. Tomomi Miyazaki, 2014. "Fiscal Reform and Fiscal Sustainability: Evidence from Australia and Sweden," Discussion Papers, Graduate School of Economics, Kobe University 1407, Graduate School of Economics, Kobe University.

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