In the last two decades more than 120 countries have adopted a version of a Medium-Term Expenditure Framework (MTEF). These are budget institutions whose rationale it is to enable the central government to make credible multi-year fiscal commitments. This paper analyzes a newly-collected dataset of worldwide MTEF adoptions during 1990-2008. It exploits within-country variation in MTEF adoption in a dynamic panel framework to estimate their impacts...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/09/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6186
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1
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1
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2012/09/01
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Disclosed
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MTEFs and fiscal performance: panel data evidence
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Poverty Reduction & Economic Management