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The findings provide support of strategic complementarities; investments in monetary and fiscal institutions reinforce each other.
Monetary and fiscal institutions have played a decisive role in the stabilisation of the Brazilian economy since the mid-1990s.
Chile's fiscal institutions could usefully be emulated everywhere, but especially in other commodity-exporting countries.
He works on issues of budget transparency, performance-informed budgeting, fiscal sustainability, and reform of fiscal institutions.
We use randomly generated municipal audit reports with objective measures of corruption from Brazil to assess whether new information about corruption affects municipal property tax collection and the structure of fiscal institutions.
Mr Leeper says the answer may be to create fiscal institutions that mimic the rigour and autonomy of central banks, as Sweden, Chile, Hungary and New Zealand have done to varying degrees.
Similar(43)
During the Tang period (618 907) the system was enforced throughout the country and became the most important fiscal institution of the central government.
The bias is less among eurozone countries that have adopted certain rules at the national level, particularly creating an independent fiscal institution that provides independent forecasts.
The last reason is that there is a lack of cross-border burden sharing of the fiscal costs of bailing out financial institutions.
Views on major issues such as the need for fiscal stimulus and reform of international financial institutions were similar.
The resulting mutual commitment and the budget allocations supporting it should convince international financial institutions that there is sufficient fiscal space for substantially increased government health expenditure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com