Jul 2013
Author(s): Marcel, Mario
This paper discusses the merits of alternative definitions of the structural budget in the context of their use in the design and implementation of fiscal rules. To this end, the paper argues that…
Aug 2002
Author(s): Alesina, Alberto; Carrasquilla, Alberto; Steiner, Roberto
This working paper focuses on four issues: (i) the rules of allocation of fiscal resources to different localities; (ii) the rules concerning how localities can spend fiscal transfers from the center…