Budget regimes and internal governance: considerations for the sustainability of fiscal policy
AbstractIn a fiscal policy set-up with Ricardian equivalence and rational expectations, the decision-making of private agents is based on the knowledge that current deficits will be met with future tax increases or spending decreases. This view requires that the government's budget exhibit intertemporal balance, or that fiscal policy be sustainable. This paper examines the extent to which sustainability holds in the light of changes in the institutional structure of the budget process and changes in internal House governance rules. The results indicate that certain aspects of sustainability are related to the underlying institutional structure and governance of the budget process. Copyright Springer-Verlag Berlin/Heidelberg 2005
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Economics of Governance.
Volume (Year): 6 (2005)
Issue (Month): 3 (November)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/10101/index.htm
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.