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Should Advanced Countries Adopt a Fiscal Responsibility Law?

Should Advanced Countries Adopt a Fiscal Responsibility Law? »

Source: Should Advanced Countries Adopt a Fiscal Responsibility Law?

Volume/Issue: 2010/254

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

ISBN: 9781455209545

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...

Should Advanced Countries Adopt a Fiscal Responsibility Law?

Should Advanced Countries Adopt a Fiscal Responsibility Law? »

Volume/Issue: 2010/254

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

DOI: http://dx.doi.org/10.5089/9781455209545.001

ISBN: 9781455209545

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...