TY  - BOOK
AU  - Milesi-Ferretti,Gian
TI  - Fiscal Rules and the Budget Process
T2  - IMF Working Papers; Working Paper
SN  - 1451848005 :
SN  - 1018-5941
PY  - 1996///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Budget Deficits
KW  - imf
KW  - Budget Law
KW  - Budget Process
KW  - Fiscal Rules
KW  - Italy
N2  - This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a "fiscal deficit bias" and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy
UR  - http://elibrary.imf.org/view/IMF001/02537-9781451848007/02537-9781451848007/02537-9781451848007.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451848007
ER  -