According to an influential theoretical argument, presidential systems tend to present smaller governments because the separation between those who decide the size of the fiscal purse and those who allocate it creates incentives for lower public expenditures. In practice, forms of government...

According to an influential theoretical argument, presidential systems tend to present smaller governments because the separation between those who decide the size of the fiscal purse and those who allocate it creates incentives for lower public expenditures. In practice, forms of government...

Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their...

This book presents a new framework for analyzing the political economy of budget processes in Latin America that is based on the following premises: i) the budget process must be considered as part of the overall policymaking process rather than in isolation; ii) budget outcomes cannot be fully...

This paper describes the budgetary reforms that took place over the last 20 years in Latin America. Using a newly developed index of budgetary institutions, it shows that numerical limits, procedural rules, and transparency help to explain fiscal results in Latin America

While policymaking processes have a strong impact on policy outcomes, policy outcomes and policy reforms can have a significant impact on the PMP. Thus there are important feedback effects between the PMP and policy outcomes. This document studies the impact of fiscal reforms on the policymaking...

This document reviews the evidence from ten countries studies that look in detail at the political economy of the budget process. It concentrates on reviewing the evidence on the role of fiscal institutions and the relationship among different acotrs over the many stages of the process. It ends...

Given current evidence of potential tangible benefits, in terms of public expenditure sustainability, efficiency and effectiveness, from more efficient utilization of budgeting for results, how can we explain the uneven development of this process in Latin America and the Caribbean? This paper...