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Fiscal Rules for Subnational Governments. Some organizing principles and Latin American experiences Author info | Abstract | Publisher info | Download info | Related research | Statistics Miguel Braun (CIPPEC)
Mariano Tommasi (Universidad de San Andres)
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In this paper we investigate the logic and the workings of fiscal rules, with focus on rules for subnational governments. We argue against a simplistic view that sees the writing of numerical limits on fiscal variables as the solution to fundamental fiscal problems. We suggest that international organizations should take a more comprehensive approach when dealing with the fiscal problems of developing countries. Such an approach requires a deep understanding of the determinants of undesirable fiscal outcomes in each particular case, which in turn requires some explicit political analysis.
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Paper provided by EconWPA in its series Public Economics with number
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Length: 41 pages
Date of creation: 14 Oct 2004Date of revision:
Handle: RePEc:wpa:wuwppe:0410004Note: Type of Document - pdf; pages: 41Contact details of provider: Web page: http://129.3.20.41
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Keywords: fiscal rules ; fiscal policy ; Other versions of this item:
Find related papers by JEL classification: D6 - Microeconomics - - Welfare Economics D7 - Microeconomics - - Analysis of Collective Decision-Making H - Public Economics
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Emmanuel Abuelafia & Sergio Berensztein & Miguel Braun & Luciano di Gresia, 2005.
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Miguel Braun & Luciano di Gresia, 2003.
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Miguel Braun & Luciano di Gresia, 2003.
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Webb, Steven B., 2004.
"Fiscal responsibility laws for subnational discipline : the Latin American experience ,"
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