Budget Deficits and Budget Institutions

43 Pages Posted: 28 Jun 1998 Last revised: 9 Mar 2022

See all articles by Alberto F. Alesina

Alberto F. Alesina

Harvard University - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Roberto Perotti

Bocconi University - Department of Economics; European University Institute - Economics Department (ECO); Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: May 1996

Abstract

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issues. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and US states.

Suggested Citation

Alesina, Alberto F. and Perotti, Roberto, Budget Deficits and Budget Institutions (May 1996). NBER Working Paper No. w5556, Available at SSRN: https://ssrn.com/abstract=3305

Alberto F. Alesina

Harvard University - Department of Economics ( email )

Littauer Center
Cambridge, MA 02138
United States
617-495-8388 (Phone)
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Centre for Economic Policy Research (CEPR)

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United Kingdom

National Bureau of Economic Research (NBER)

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Roberto Perotti (Contact Author)

Bocconi University - Department of Economics ( email )

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Italy

European University Institute - Economics Department (ECO) ( email )

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50133 Florence
Italy

Centre for Economic Policy Research (CEPR)

London
United Kingdom