Thirty Years of Reforms to Budget Rules in Italy: An Econometric Evaluation


The paper verifies the effects of reforms in budget approbation rules in Italy during the 1980-2001 periods using a standard public choice model of fiscal performance and nonlinear principal component evaluation of the changes in the degree of stringency of budget rules. While the Italian reforms are evaluated relative to those carried out in other European countries, the model isolates the impact of such reforms on the country’s fiscal performance.

Key words: budget rules, fiscal performance, nonlinear principal components.


Public Choice Fiscal Policy Budget Process Maastricht Treaty Fiscal Discipline 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  1. 1.Dipartimento di Istituzioni Pubbliche Economia e SocietáUniversità Roma TreItaly

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