Do Fiscal Rules Matter?

Fiscal rules are laws aimed at reducing the incentive to accumulate debt, and many countries adopt them to discipline local governments. Yet, their effectiveness is disputed because of commitment and enforcement problems. We study their impact applying a quasi-experimental design in Italy. In 1999,...

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Veröffentlicht in:	American economic journal. Applied economics 2016-07, Vol.8 (3), p.1-30
Hauptverfasser:	Grembi, Veronica, Nannicini, Tommaso, Troiano, Ugo
Format:	Artikel
Sprache:	eng
Schlagworte:	Debt service Economic theory Economics Federal government Fiscal policy International Local government Municipal government Studies Trends
Online-Zugang:	Volltext
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