How to Bake a (Cr)edible Medium-term Fiscal Pie

[Napodano]

Interesting article from an interesting web site
http://blog-imfdirect.imf.org/2010/11/04/how-to-bake-a-credible-medium-term-fiscal-pie/

The ingredients for the pie are:
1.  Fiscal rules
2.  Multi-year spending limits
3.  Open and accountable budgeting
4.  Disciplined budget preparation and execution

The authors recognize that the difficult part is the mix-and-bake one!

[John Short]

That gives the crust and base - nothing about the filling!