Medina, Leandro; Caceres, Carlos; Corbacho, Ana - International Monetary Fund (IMF) - 2010
tentative. In this paper, we test empirically whether fiscal performance, measured as the level of primary fiscal balances and … these laws on fiscal performance is unknown, while controlling for the impact of the business and commodity cycles on fiscal … distinguishable effect on fiscal performance. However, Fiscal Responsibility Laws could still have other positive effects on the …