The role of fiscal institutions in analysis of fiscal policy

Balanced budget requirements lead to substantial pro-cyclicality in state government spending on infrastructure and public services. Differences in the stringency of states’ budget rules drive the pace at which they must make these adjustments. We show that budget rules (and other fiscal institution...

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Bibliographic details
Main Author: Miran, Stephen
Clemens, Jeffrey P
Format: Paper
Language: English
Place of publication: 01.03.2011
Related: University Library of Munich, Germany
Data of publication: 2011/03
Series: MPRA Paper
Online Access: available in Bonn?
Database: RePEc IDEAS
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