Series: IMF Working Papers
Author(s): Ian Lienert
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
Keywords: accountability, law, budget, fiscal policy, fiscal rules, fiscal stability, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General, National Deficit Surplus, National Budget
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the e...