Institutions Politics And Fiscal Policy

Author : Rolf R. Strauch
Publisher : Springer Science & Business Media
ISBN 13 : 1461545552
Total Pages : 273 pages
Book Rating : 4.52/5 ( download)

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Download or read book Institutions, Politics and Fiscal Policy written by Rolf R. Strauch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : James M. Poterba
Publisher : University of Chicago Press
ISBN 13 : 0226676307
Total Pages : 402 pages
Book Rating : 4.02/5 ( download)

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Download or read book Fiscal Institutions and Fiscal Performance written by James M. Poterba and published by University of Chicago Press. This book was released on 2008-04-15 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Vitor Gaspar
Publisher : International Monetary Fund
ISBN 13 : 1475547900
Total Pages : 548 pages
Book Rating : 4.00/5 ( download)

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Download or read book Fiscal Politics written by Vitor Gaspar and published by International Monetary Fund. This book was released on 2017-04-07 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Albert J. Lee
Publisher : Springer Science & Business Media
ISBN 13 : 1461412900
Total Pages : 72 pages
Book Rating : 4.08/5 ( download)

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Download or read book Taxation, Growth and Fiscal Institutions written by Albert J. Lee and published by Springer Science & Business Media. This book was released on 2011-10-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Xavier Debrun
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.84/5 ( download)

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Download or read book The Discipline-Enhancing Role of Fiscal Institutions written by Xavier Debrun and published by International Monetary Fund. This book was released on 2007-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a combination of complete budgetary transparency and strong democratic accountability suffice to establish credibility. Under incomplete budgetary transparency, accountable governments may also use institutions as a signal of competence to increase their reelection chances, which in turn erodes the penchant for excessive deficits. In light of the theory, empirical tests of the effectiveness of institutions are undertaken. The results further emphasize that analysis should pay due attention to simultaneity bias (because disciplined governments may be more likely to adopt strict institutions). Also, interactions among different fiscal institutions, and between the latter and key features of the political system need to be explored further.

Author : David M. Primo
Publisher : University of Chicago Press
ISBN 13 : 0226682595
Total Pages : 220 pages
Book Rating : 4.94/5 ( download)

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Download or read book Rules and Restraint written by David M. Primo and published by University of Chicago Press. This book was released on 2007-10 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description

Author : Mr.Roel M. W. J. Beetsma
Publisher : International Monetary Fund
ISBN 13 : 1484322908
Total Pages : 26 pages
Book Rating : 4.01/5 ( download)

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Download or read book Fiscal Councils written by Mr.Roel M. W. J. Beetsma and published by International Monetary Fund. This book was released on 2016-04-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : James M. Buchanan
Publisher : UNC Press Books
ISBN 13 : 1469619148
Total Pages : 322 pages
Book Rating : 4.49/5 ( download)

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Download or read book Public Finance in Democratic Process written by James M. Buchanan and published by UNC Press Books. This book was released on 2014-03-30 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of public finance, as traditionally developed, have analyzed the effects of fiscal institutions on the market-choice behavior of individuals and firms, but this book takes a different approach. It analyzes the effects of fiscal institutions on the political-choice behavior of individuals as they participate variously in the decision-making processes of democracies. What effect will the form of a new tax have on individuals' attitudes toward more or less public spending? To what extent does the private sector--public sector mix depend on the way in which tax payments are made? How do the various taxes affect the fiscal consciousness of individual citizens? These are questions that have been ignored for the most part. They are, nonetheless, important and worthy of examination. This book is an attempt to provide some provisional answers. By the use of simplified models of existing tax institutions, Buchanan predicts the effects that these exert on individual behavior in the area of political choice. The relative effects of direct and indirect taxes, the "old tax--new tax" distinction, the effects of fiscal earmarking, the effects of unbalanced budgets -- these are a few of the topics examined. Before these questions can be fully answered, research must be conducted to find out just how much individuals know about the taxes they pay and the benefits they receive. Comparatively little research of this kind has been completed, but the author devotes a chapter to a careful review of the present state of this sort of research. Individuals' choice among alternative fiscal institutions is examined in the second part of the book. If given the opportunity, how would the individual choose to pay his or her taxes? Progressive income taxes, excise taxes, and public debt are analyzed in terms of this question. Because of its interdisciplinary approach, this imaginative study will be of interest to both economists and political scientists.

Author : Robert P. Inman
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.73/5 ( download)

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Download or read book Political Institutions and Fiscal Policy written by Robert P. Inman and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Lawrence C. Pierce
Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.16/5 ( download)

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Download or read book The Politics of Fiscal Policy Formation written by Lawrence C. Pierce and published by . This book was released on 1971 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: