Fiscal watchdogs, so-called fiscal councils, have been proposed as a method to counter
deficit bias of fiscal policy. The paper analyses theoretically what role fiscal councils could …

Many countries around the world are currently pursuing policies for poverty reduction and
the improvement of income distribution, and most of them are also implementing fiscal …

The aim of this paper is to shed additional light on the determinants of budget transparency
in local governments. Our work is based on a Likert-type survey questionnaire specifically …

The paper analyses how independent fiscal watchdogs (fiscal policy councils) can
strengthen the incentives for fiscal discipline. By increasing fiscal transparency they can …

Macroeconomic management of a small open economy in a currency board arrangement
faces two serious problems: first, under a fixed exchange rate, fiscal policy is the only …

While it has been argued that the cyclicality of government spending likely depends on the
intensities of political pressure to increase expenditure, in economic upturns and downturns …

内容提要: 基于最新的实证研究文献, 本文使用**1994—2004 年度27 个省份的面板数据和
系统广义矩方法估计了**地方政府的周期性政策反应函数. 估计结果表明 …

This paper extends the existing studies of cyclical fiscal policy by providing the first
systematic theoretical and empirical study of cyclical quasi‐fiscal investment of state‐owned …

The “publicness” of services provided by governments can be gauged with reference to the
extent to which services are “non‐rival in consumption.” Services that are more “rival in …

This paper investigates the effects of budget transparency on fiscal performance. It fits a
panel regression model on data from the Open Budget Index through its five rounds (OBI …