Institutional Quality and Fiscal Transparency
نویسندگان
چکیده
منابع مشابه
Fiscal Transparency
It is widely believed that fiscal transparency has large and positive effects on fiscal performance. According to the IMF, “transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude” (Kopits & Craig (1998, p. 1)). Indeed, both the IMF and the OECD are currently developing Codes of ...
متن کاملInflation Bias, Time Inconsistency of Monetary and Fiscal Policies and Institutional Quality
In developing countries, weak institutional quality can increase the probability of applying discretionary policies and can have a great impact on their double-digit inflation. Surico (2008) calculated inflation bias, but he considered just monetary policy and he did not pay attention to the institutions. Therefore, we design a model which considers the discretion in monetary and fiscal policie...
متن کاملFiscal Transparency and Fiscal Policy Outcomes in Oecd Countries
It is widely believed and often argued that budget process transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is far from compelling. We modify the "debt as precommitment" model of Alesina and Tabellini (1990) by allowing for budget inertia and reputational costs. These modest changes produce an equilibrium level...
متن کاملGrowth strategies: Fiscal versus institutional policies
This paper analyzes the growth impact of fiscal and institutional policies for alternative sizes of regions. The local government provides a public input that may be subject to relative congestion thus reducing its individual availability. Then private capital productivity is affected by the number of firms utilizing the governmental input. Institutional policies include the decision about the ...
متن کاملGrading improves transparency and quality.
The objection of Dr. Tobin to evidence-based medicine in a recent issue of CHEST (May 2008)1,2 seems to focus on the grading of recommendations. As Deputy Editor of a popular clinical resource, I have personally graded 100 recommendations using the Grading Recommendations Assessment, Development, and Evaluation (GRADE) system and feel well qualified to comment on its benefits.3 Grading improves...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1817228