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Budget institutions and fiscal performance in Central and Eastern European countries

  • Gleich, Holger
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    This paper documents the modes of organization of the budget process in ten CEEC and examines the relationship between these institutional settings and fiscal performance. Using detailed information on the budget institutions in these countries, the national budget processes are classified according to their coordination and conflict resolution properties. Empirical results show that budget procedures that are conducive to reducing collective action problems have been associated with more fiscal discipline. JEL Classification: D70, E60, H61, P20, P30

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    File URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp215.pdf
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    Paper provided by European Central Bank in its series Working Paper Series with number 0215.

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    Date of creation: Feb 2003
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    Handle: RePEc:ecb:ecbwps:20030215
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    1. Mark Hallerberg & Jürgen von Hagen, 1999. "Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union," NBER Chapters, in: Fiscal Institutions and Fiscal Performance, pages 209-232 National Bureau of Economic Research, Inc.
    2. Alberto Alesina & Roberto Perotti, 1996. "Budget Deficits and Budget Institutions," NBER Working Papers 5556, National Bureau of Economic Research, Inc.
    3. Stein, Ernesto & Hommes, Rudolf & Hausmann, Ricardo & Alesina, Alberto, 1999. "Budget Institutions and Fiscal Performance in Latin America," Scholarly Articles 4553021, Harvard University Department of Economics.
    4. Campos, Ed & Pradhan, Sanjay, 1996. "Budgetary institutions and expenditure outcomes : binding governments to fiscal performance," Policy Research Working Paper Series 1646, The World Bank.
    5. Barry Eichengreen & Ricardo Hausmann & Jürgen Von Hagen, 1999. "Reforming Budgetary Institutions in Latin America: The Case for a National Fiscal Council," Open Economies Review, Springer, vol. 10(4), pages 415-442, October.
    6. William H. Branson & Jorge Braga de Macedo & Jurgen von Hagen, 1998. "Macroeconomic Policy and Institutions During the Transition to European Union Membership," NBER Working Papers 6555, National Bureau of Economic Research, Inc.
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