No - econpubblica - Università Bocconi
... 1. There are significant incentives to fiscal indiscipline (both theory and evidence) 2. This entails both macro-risks and micro inefficiency 3. MTFFs can help re-engineering incentives and control risks: they are not a magic wand but one is better-off having them (issues in design & enforcement) 4 ...
... 1. There are significant incentives to fiscal indiscipline (both theory and evidence) 2. This entails both macro-risks and micro inefficiency 3. MTFFs can help re-engineering incentives and control risks: they are not a magic wand but one is better-off having them (issues in design & enforcement) 4 ...