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Can budget institutions counteract political indiscipline? /

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 pref...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Fabrizio, Stefania (Autor), Mody, Ashoka (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington D.C.] : International Monetary Fund, European Dept., 2006.
Colección:IMF working paper ; WP/06/123.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Fabrizio, Stefania,  |e author. 
245 1 0 |a Can budget institutions counteract political indiscipline? /  |c prepared by Stefania Fabrizio and Ashoka Mody. 
260 |a [Washington D.C.] :  |b International Monetary Fund, European Dept.,  |c 2006. 
300 |a 1 online resource (51 pages) :  |b illustrations 
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490 1 |a IMF working paper ;  |v WP/06/123 
504 |a Includes bibliographical references. 
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520 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
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505 0 |a Contents -- I. INTRODUCTION -- II. THE DETERMINANTS OF FISCAL PERFORMANCE: A SELECTIVE LITERATURE REVIEW -- III. BUDGET INSTITUTIONS IN NEW AND POTENTIAL EU MEMBER STATES -- IV. BENCHMARK RESULTS -- V. THE ROLE OF DEEPER DETERMINANTS: TIME-INVARIANT FACTORS -- VI. DIFFERENTIATING THE EFFECTS ON EXPENDITURES AND REVENUES -- VII. CONCLUSIONS -- REFERENCES 
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650 0 |a Budget  |z European Union countries  |x Econometric models. 
650 0 |a Fiscal policy  |z European Union countries  |x Econometric models. 
650 0 |a Elections  |x Economic aspects  |z European Union countries. 
650 6 |a Budget  |z Pays de l'Union européenne  |x Modèles économétriques. 
650 6 |a Politique fiscale  |z Pays de l'Union européenne  |x Modèles économétriques. 
650 6 |a Élections  |x Aspect économique  |z Pays de l'Union européenne. 
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650 7 |a Elections  |x Economic aspects  |2 fast 
650 7 |a Fiscal policy  |x Econometric models  |2 fast 
651 7 |a European Union countries  |2 fast 
700 1 |a Mody, Ashoka,  |e author. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department. 
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830 0 |a IMF working paper ;  |v WP/06/123. 
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