Can Expenditure Rules counter Expenditure Pressures from Revenue Windfalls ?

@inproceedings{Wierts2007CanER,
  title={Can Expenditure Rules counter Expenditure Pressures from Revenue Windfalls ?},
  author={Peter Wierts},
  year={2007}
}
  • Peter Wierts
  • Published 2007
This paper investigates the role of self-enforced n atio al expenditure rules in limiting upward expenditure pressures due unexpected revenue windfalls. A simple model predicts that expenditure rules can limit upward pr essures, but only if the political and institutional costs of non compliance are sufficien tly large. Empirical estimations indicate that… CONTINUE READING