The GOVERNANCE blog

Governance: An international journal of policy, administration and institutions

Fiscal retrenchment in Italy: The collision of imperatives in budget reform

Italy was under intense pressure to consolidate its budget in the early 1990s, as it reeled from a currency crisis and struggled to meet requirements for joining the Eurozone.  Francesco Stolfi examines how budget institutions were reformed as part of the consolidation effort.  A combination of structural and ideological factors shaped the reform, Stolfi says, yielding a budget process that strengthened Treasury power while preserving significant discretion for managers in budget implementation.  Stolfi says that his study addresses “the profound epistemological divide” between structuralist and interpretative approaches to the study of policy change.  Read the article for free: Testing Structuralist and Interpretative Explanations of Policy Change: The Case of Italy’s Budget Reform.

An apology: The Editors apologize for an error in describing Dr. Stolfi’s institutional affiliation on the first page of  this article.  Dr. Stolfi now teaches at the University of Exeter.

Written by Governance

January 22, 2010 at 1:00 am

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