Do Budget Institutions Matter? Fiscal Consolidation in the New EU Member States

38 Pages Posted: 14 Feb 2012

See all articles by Carlos Mulas-Granados

Carlos Mulas-Granados

Government of the Kingdom of Spain - Economic Bureau of the President

Jorge Onrubia

Universidad Complutense de Madrid (UCM)

Javier Salinas-Jiménez

Instituto de Estudios Fiscales

Date Written: March 29, 2007

Abstract

Carlos Mulas-Granados, Jorge Onrubia and Javier Salinas-Jiménez investigate the role played by fiscal institutions in the new EU member states that joined in 2004 and in 2007 in the period from 1993 to 2004. They find that budgetary institutions – whose main features are summed up with indices – have had a significant influence on fiscal outcomes. In particular, with respect to the mechanisms whereby institutions affect balances, they show that the executive role (and sometimes also the planning role) of the finance minister has been crucial for pursuing sound public finances. This confirms the importance of institutional arrangements that limit parliamentary changes to the budget.

Suggested Citation

Mulas-Granados, Carlos and Onrubia, Jorge and Salinas-Jiménez, Javier, Do Budget Institutions Matter? Fiscal Consolidation in the New EU Member States (March 29, 2007). Available at SSRN: https://ssrn.com/abstract=2004449 or http://dx.doi.org/10.2139/ssrn.2004449

Carlos Mulas-Granados (Contact Author)

Government of the Kingdom of Spain - Economic Bureau of the President ( email )

28071 Madrid
Spain

Jorge Onrubia

Universidad Complutense de Madrid (UCM) ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain

Javier Salinas-Jiménez

Instituto de Estudios Fiscales ( email )

Avda Cardenal Herrera Oria, 378
Madrid, 28035
Spain

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