Gebhard Kirchgassner


Prof. Dr., Universitat St. Gallen, Switezerland

The Effects of Fiscal Institutions on Public Finance: A Survey of the Empirical Evidence


This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary procedures matter as well. They might be less ...

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