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Budget Institutions and Fiscal Performance in Latin America

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  • Stein, Ernesto
  • Hommes, Rudolf
  • Hausmann, Ricardo
  • Alesina, Alberto

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 the existence of constraints on the deficit, and voting rules. We show that "hierarchical" and transparent procedures have been associated with more fiscal discipline in Latin America in the 1980s and early 1990s.

Suggested Citation

  • 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.
    • Handle: RePEc:hrv:faseco:4553021
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