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Budget Institutions and Fiscal Performance in Latin America

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Listed:
  • Alberto Alesina
  • Ricardo Hausmann
  • Rudolf Hommes
  • Ernesto Stein

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 their transparency and the existence of legislative constraints on the deficit. We then show that `hierarchical' and transparent procedures have been associated with more fiscal discipline in Latin America in the eighties and early nineties.

Suggested Citation

  • Alberto Alesina & Ricardo Hausmann & Rudolf Hommes & Ernesto Stein, 1996. "Budget Institutions and Fiscal Performance in Latin America," NBER Working Papers 5586, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:5586
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    References listed on IDEAS

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