Series: IMF Working Papers
Author(s): Ashoka Mody , and Stefania Fabrizio
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2008
Keywords: Budget institutions, government fragmentation, government ideology, economic shocks, fiscal institutions, budget process, fiscal performance,
Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower...