Fiscal responsibility laws are institutions with which multiple governments in the same economy -- national and subnational --can commit to help avoid irresponsible fiscal behavior that could have short-term advantages to one of them but that would be collectively damaging. Coordination failures with subnational governments in the 1990s contributed to macroeconomic instability and led several countries to adopt fiscal responsibility laws as part of...
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2011/03/01
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Рабочий документ в рамках исследования вопросов политики
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WPS5587
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1
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1
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2011/03/01
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Disclosed
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Laws for fiscal responsibility for subnational discipline : international experience
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Poverty Reduction & Economic Management
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