	(1)	(2)	(3)	(4)
VARIABLES	Budget balance rule	Debt rule	Expenditure rule	Revenue rule
				
rules_in_place	0.15	1.03***	0.82***	0.83***
	(0.42)	(0.31)	(0.26)	(0.25)
c.rules_in_place#c.Budgetbalancerule	0.79*			
	(0.40)			
L.GGXONLB_NGDP	-0.05***	-0.05***	-0.05***	-0.05***
	(0.02)	(0.02)	(0.02)	(0.02)
L.GGXWDG_NGDP	0.01***	0.01***	0.01***	0.01***
	(0.00)	(0.00)	(0.00)	(0.00)
L.INTP_GGR	0.05***	0.05***	0.05***	0.05***
	(0.01)	(0.01)	(0.01)	(0.01)
L.NGDP_RPCH	0.00	0.00	0.00	0.00
	(0.01)	(0.01)	(0.01)	(0.01)
L.lnNGDP_D_fd2	-0.07*	-0.08*	-0.08*	-0.08*
	(0.04)	(0.04)	(0.04)	(0.04)
L.BCA_NGDPD	0.05***	0.05***	0.05***	0.05***
	(0.01)	(0.01)	(0.01)	(0.01)
hipc	-0.06	-0.01	-0.04	-0.04
	(0.38)	(0.38)	(0.38)	(0.39)
imf_support	0.06	0.06	0.06	0.06
	(0.36)	(0.36)	(0.36)	(0.36)
POLenv	0.12	0.13	0.14	0.14
	(0.12)	(0.13)	(0.12)	(0.12)
ear90s	-1.52***	-1.46***	-1.48***	-1.48***
	(0.54)	(0.53)	(0.54)	(0.54)
mid90s	-0.65	-0.60	-0.61	-0.62
	(0.45)	(0.44)	(0.44)	(0.44)
ear00s	-1.11**	-1.10**	-1.08**	-1.09**
	(0.46)	(0.45)	(0.45)	(0.45)
mid00s	-1.07**	-1.02**	-1.03**	-1.03**
	(0.46)	(0.44)	(0.45)	(0.45)
ear10s	-1.13**	-1.05**	-1.07**	-1.07**
	(0.47)	(0.45)	(0.46)	(0.46)
mid10s	-1.31***	-1.24***	-1.26***	-1.25***
	(0.49)	(0.47)	(0.48)	(0.48)
ear20s	-2.15***	-2.06***	-2.08***	-2.07***
	(0.60)	(0.59)	(0.60)	(0.60)
emde	-0.30	-0.33	-0.28	-0.30
	(0.43)	(0.44)	(0.42)	(0.42)
Commodity	0.55**	0.49*	0.53**	0.53*
	(0.27)	(0.27)	(0.26)	(0.27)
ss	-0.19	-0.21	-0.23	-0.23
	(0.40)	(0.40)	(0.39)	(0.40)
lnsig2u	0.12	0.11	0.08	0.10
	(0.36)	(0.36)	(0.38)	(0.36)
c.rules_in_place#c.Debtrule		-0.30		
		(0.30)		
c.rules_in_place#c.Expenditurerule			0.05	
			(0.25)	
c.rules_in_place#c.Revenuerule				0.03
				(0.43)
Constant	-2.00***	-1.97***	-2.02***	-2.02***
	(0.51)	(0.52)	(0.51)	(0.51)
				
Observations	2,816	2,816	2,816	2,816
Number of ccode	122	122	122	122
Log likelihood	-707.6	-710.2	-711.1	-711.2
