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  • 38 Alesina - Budgetinstitutions

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    This document analyzes budget institutions and fiscal performance in Latin American countries. It finds that countries with flexible budget rules and less centralized budgeting processes had higher fiscal deficits and debt levels compared to those with stricter budget rules and more centralized decision making. Centralized budget rules and processes helped enforce longer-term fiscal discipline among Latin American governments.

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    38 alesina_budgetinstitutions

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    38 alesina_budgetinstitutions

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    This document analyzes budget institutions and fiscal performance in Latin American countries. It finds that countries with flexible budget rules and less centralized budgeting processes had higher fiscal deficits and debt levels compared to those with stricter budget rules and more centralized decision making. Centralized budget rules and processes helped enforce longer-term fiscal discipline among Latin American governments.

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    © All Rights Reserved
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    10 views52 pages

    38 Alesina - Budgetinstitutions

    Uploaded by

    chenk194
    This document analyzes budget institutions and fiscal performance in Latin American countries. It finds that countries with flexible budget rules and less centralized budgeting processes had higher fiscal deficits and debt levels compared to those with stricter budget rules and more centralized decision making. Centralized budget rules and processes helped enforce longer-term fiscal discipline among Latin American governments.

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    © All Rights Reserved
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    Budget Institutions and Fiscal Performance in Latin America

    Citation Alesina, Alberto, Ricardo Hausmann, Rudolf Hommes, and


    Ernesto Stein. 1999. Budget institutions and fiscal performance in
    Latin America. Journal of Development Economics 59(2): 253-
    273.

    Published Version doi:10.1016/S0304-3878(99)00012-7

    Accessed February 21, 2012 6:31:43 AM EST

    Citable Link http://nrs.harvard.edu/urn-3:HUL.InstRepos:4553021

    Terms of Use This article was downloaded from Harvard University's DASH
    repository, and is made available under the terms and conditions
    applicable to Other Posted Material, as set forth at
    http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-
    use#LAA

    (Article begins on next page)

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