Politics Institutions And Fiscal Policy
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Institutions Politics And Fiscal Policy
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Author : Rolf R. Strauch
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Institutions Politics And Fiscal Policy written by Rolf R. Strauch and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Political Science categories.
Rolf R. Strauch and Jiirgen von Hagen Center for European Integration Studies (ZEI), University of Bonn; ZEI, University of Bonn, Indiana University, and CEPR The large and persistent deficits, rising levels of debt and growing levels of public spending observed in many DECO economies during the past 25 years have stimulated much theoretical and empirical research on the political economy of public finance. Although a number of issues have been studied extensively, certain areas are still at an exploratory stage and need further theorizing and thorough empirical research. During the last two decades, the theoretical debate on budgeting has been dominated by the controversy between partisan and institutionalist approaches. Within the more political-science oriented, institutionalist literature, a controversy exists between the distributive and the informational perspectives, each setting forth a distinctive organizational rationale of parliaments with different fiscal implications. The papers in this volume cover these different perspectives, extend previous models, and test their empirical validity. The papers were originally written for a conference on "Institutions, Politics, and Fiscal Policy" organized by the Center for European Integration Studies at the University of Bonn, Germany, in July 1998. The book is organized in three parts each focusing on a distinctive aspect. The first part is dedicated to the partisan perspective. The second part focuses on budget institutions. The third part consists of three case studies of institutional reform of the budget process. This book is directed to academics and practitioners alike.
Fiscal Politics
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Author : Vitor Gaspar
language : en
Publisher: International Monetary Fund
Release Date : 2017-04-07
Fiscal Politics written by Vitor Gaspar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-07 with Business & Economics categories.
Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules can offer solutions; and part 3 (4 chapters) discusses how multilevel governance frameworks can help.
Fiscal Institutions And Fiscal Performance
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Author : James M. Poterba
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Fiscal Institutions And Fiscal Performance written by James M. Poterba and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Political Science categories.
The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic developments within a specific country. Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models, empirical evidence, and a series of in-depth case studies to analyze the effect of political institutions, fiscal regulations, and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues involved and highlights the role of budgetary institutions in the formation of budget deficits.
Politics Institutions And Fiscal Policy
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Author : Louis M. Imbeau
language : en
Publisher: Lexington Books
Release Date : 2004
Politics Institutions And Fiscal Policy written by Louis M. Imbeau and has been published by Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful international relations and economic growth? The essays in Politics, Institutions, and Fiscal Policy chart answers sought by economists, political scientists, and government officials. This groundbreaking book looks at states within five industrialized federations--Canadian provinces, Swiss cantons, Belgian regions, German l nder, and American states--as case studies of variation in budget balances since 1980. The work's conclusion compares deficit levels between the federations studied. Politics, Institutions, and Fiscal Policy sheds new light on the role of such factors as spending and taxation levels and electoral and partisan cycles within the budget balancing process. Neatly written and theoretically grounded, this volume contributes greatly to our understanding of public finance and public administration.
Taxation Growth And Fiscal Institutions
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Author : Albert J. Lee
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-10-07
Taxation Growth And Fiscal Institutions written by Albert J. Lee and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-07 with Business & Economics categories.
The causal relationship between growth and inequality is complex, and there have been many scholarly works to study this relationship since the seminal work of Kuznets in the 1950s. Few recent studies in this field have shown that the nature of relationship is multifaceted and non-linear. In addition to the intrinsic non-linear nature of the relationship, government and institutions play pivotal role in distributing the benefits of growth to reduce inequality. The responsiveness greatly depends upon a country’s initial conditions in terms of inequality and the nature of democracy prevailing in the country. This volume highlights the role of institutions in explaining the gulf between inequality and growth, by applying a dynamic general equilibrium framework and by utilizing econometric techniques. Econometrically two important hypotheses are tested. First, assuming there is no difference in institutions, the growth rate increases as inequality decreases. Second, assuming inequality remains unchanged, improvement in the integrity of fiscal institutions results in higher economic growth. Integrating theoretical and empirical approaches, this volume links crucial economic concepts in a novel way, and goes beyond academic analysis to suggest policy implications, and will serve as a valuable resource for scholars and policymakers alike in the fields of economic growth and development, public policy, and economic modeling.
Rules And Restraint
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Author : David M. Primo
language : en
Publisher: University of Chicago Press
Release Date : 2007-10
Rules And Restraint written by David M. Primo and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10 with Business & Economics categories.
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Fiscal Councils
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Author : Mr.Roel M. W. J. Beetsma
language : en
Publisher: International Monetary Fund
Release Date : 2016-04-08
Fiscal Councils written by Mr.Roel M. W. J. Beetsma and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Business & Economics categories.
The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in taming the deficit bias that emerged in the 1970s. After a review of the main theoretical arguments and recent trends about fiscal councils, we develop a stylized model showing how a fiscal council can effectively mitigate the deficit bias even though it has no direct lever on the conduct of fiscal policy. We show that the capacity of the fiscal council to improve the public’s understanding of the quality of fiscal policy contributes to better align voters and policymakers’ incentives and to tame the deficit bias affecting well-intended governments. After mapping the model’s key features into a broad set of criteria likely to contribute to the effectiveness of a fiscal council, we use the 2014 vintage of the IMF dataset on independent fiscal institutions to assess whether existing institutions have been built to work.
Political Institutions And Fiscal Policy
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Author : Robert P. Inman
language : en
Publisher:
Release Date : 2004
Political Institutions And Fiscal Policy written by Robert P. Inman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Can Budget Institutions Counteract Political Indiscipline
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Author : Ashoka Mody
language : en
Publisher: International Monetary Fund
Release Date : 2006-05
Can Budget Institutions Counteract Political Indiscipline written by Ashoka Mody and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-05 with Business & Economics categories.
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable.
The Trinity Of Budgetary Institutions Political Institutions And Fiscal Cyclicality
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Author : Sarah El-Khishin
language : en
Publisher:
Release Date : 2019
The Trinity Of Budgetary Institutions Political Institutions And Fiscal Cyclicality written by Sarah El-Khishin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.