Should advanced countries adopt a Fiscal Responsibility Law? /
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| Author / Creator: | Lienert, Ian, author. |
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| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2010. |
| Description: | 1 online resource (45 pages) : color illustrations |
| Language: | English |
| Series: | IMF working paper ; WP/10/254 IMF working paper ; WP/10/254. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499479 |
| Summary: | Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and political agreements in EU countries; failed attempts to include quantitative fiscal rules in laws; lack of consensus or interest in attaining the goals of FRL-type legislation; and lack of need for a law to regulate fiscal transparency, accountability and macro-fiscal stabilization. Without commitment to fiscal discipline, adoption of a FRL may not contribute to attaining fiscal consolidation goals. |
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| Item Description: | At head of title: Fiscal Affairs Department. "November 2010." Title from PDF title page (IMF, viewed Oct. 26, 2011). |
| Physical Description: | 1 online resource (45 pages) : color illustrations |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1283568500 9781283568500 9781455264797 1455264792 |