Year: 2019
Author: von Hagen, Jürgen, Harden, Ian J.
Credit and Capital Markets – Kredit und Kapital, Vol. 52 (2019), Iss. 4 : pp. 527–536
Abstract
We present a framework of investigation into the political economy of the budget process. Our model suggests that institutional rules governing the budget process can be found to limit the importance of fiscal illusion. Empirical evidence supports that proposition. The choice of rules depends on the political environment as well as the dominant source of uncertainty in the budget process.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/ccm.52.4.527
Credit and Capital Markets – Kredit und Kapital, Vol. 52 (2019), Iss. 4 : pp. 527–536
Published online: 2019-10
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 10
Keywords: Budget systems Government expenditures and deficits Collective choice H61 H62 D71 D73 H72
Author Details
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