Download or read book Electoral Institutions Cabinet Negotiations and Budget Deficits in the European Union written by Mark Hallerberg and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rough consensus has emerged that states with proportional representation systems are likely to run larger deficits than plurality states. We argue that electoral institutions matter because they restrict the type of budgetary institution at the governmental phase which a state has at its disposal. Cabinet members may willingly delegate authority to a finance minister who can monitor spending ministers and punish those who "defect" in a process we label "delegation, " and this procedure is feasible in states where one-party governments are the norm. Such states usually have plurality electoral systems. In multi-party governments, which are common in states with proportional representation, the coalition members are not willing to delegate to one actor the ability to monitor and punish the others. Negotiated targets in the form of fiscal contracts provide an alternative in multi-party governments. Pooled time series regression results for the current European Union states in the period 1981-94 support our contention that it is the presence or absence of one of these budgetary institutions, rather than the plurality/proportional representation dichotomy, which has the greatest impact on debt levels.
Download or read book Electoral Institutions Cabinet Negotiations and Budget Deficits Within the European Union written by Mark Hallerberg and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electoral Institutions Cabinet Negotiation and Budget Deficits Within the European Union written by Mark Hallerberg and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electoral Institutions Cabinet Negotiations and Budgets Deficits Within the European Union written by Mark Hallerberg and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electoral Institutions Cabinet Negotiations and Budget Defecits Within the European Union written by Mark Hallerberg and published by . This book was released on 1996 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book Policy Instruments for Sound Fiscal Policies written by J. Ayuso-i-Casals and published by Springer. This book was released on 2009-08-14 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy. Contributors are leading experts.
Download or read book New Research on Politics and Economics of Europe written by Christopher L. Hughes and published by Nova Publishers. This book was released on 2007 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Research on Politics & Economics of Europe
Download or read book Opening the Black Box of Cabinet Level Politics written by Sarah Sinram and published by LIT Verlag Münster. This book was released on 2020-03-10 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book takes a look at social expenditure in affluent democracies in times of fiscal austerity. The study analyzes expenditure changes in nine social policy areas between 1980 - 2010, from an intra-cabinet perspective by considering the partisan affiliation of responsible spending ministers and effects of budgeting reforms. Thus, the analysis contributes to the question of whether parties or institutions matter.
Download or read book The Economic Effects of Constitutions written by Torsten Persson and published by MIT Press. This book was released on 2005-01-14 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of The Economic Effects of Constitutions use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is an uncompromisingly empirical sequel to their previous theoretical analysis of economic policy. Taking recent theoretical work as a point of departure, they ask which theoretical findings are supported and which are contradicted by the facts. The results are based on comparisons of political institutions across countries or time, in a large sample of contemporary democracies. They find that presidential/parliamentary and majoritarian/proportional dichotomies influence several economic variables: presidential regimes induce smaller public sectors, and proportional elections lead to greater and less targeted government spending and larger budget deficits. Moreover, the details of the electoral system (such as district magnitude and ballot structure) influence corruption and structural policies toward economic growth.Persson and Tabellini's goal is to draw conclusions about the causal effects of constitutions on policy outcomes. But since constitutions are not randomly assigned to countries, how the constitutional system was selected in the first place must be taken into account. This raises challenging methodological problems, which are addressed in the book. The study is therefore important not only in its findings but also in establishing a methodology for empirical analysis in the field of comparative politics.
Download or read book Party Governance and Party Democracy written by Wolfgang C. Müller and published by Springer Science & Business Media. This book was released on 2013-05-15 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the centrality of political parties in modern democracies, most research on these systems either directly address their internal functioning and activities or question their critical role. Political science has moved from describing institutions to the thorough analysis of behavior within these institutions and the interactions between them. The inevitable consequences of the maturing and institutionalization of the discipline of political science in many countries include the forming of sub-fields and specialized research communities. At the same time the number of democracies has vastly increased since the 1980s and although not each attempt at democratization was eventually successful, more heterogeneous systems with some form of party competition exist than ever before. As a consequence, the literature addressing the large issues of party democracy spreads over many research fields and has become difficult to master for individual students of party democracy and party governance. The present volume sets out to review the behavior and larger role of political parties in modern democracies. In so doing the book takes its departure from the idea that the main contribution of political parties to the working of democracy is their role as vehicles of political competition in systems of government. Consequently the focus is not merely in the internal functioning of political parties, but rather their behavior the electoral, legislative, and governmental arenas. Thus several chapters address how political parties perform within the existing institutional frameworks. One more chapter looks at the role of political parties in building and adapting these institutions. Finally, two chapters explicitly address the party contributions to democracy in established and new democracies, respectively.
Download or read book Measuring Government Activity written by OECD and published by OECD Publishing. This book was released on 2009-04-14 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarises the available OECD and other international data on public sector inputs and processes. It also examines the existing internationally comparable data on outputs and outcomes, and recommends new approaches to measurement.
Download or read book Pension Politics written by Patrik Marier and published by Routledge. This book was released on 2008-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting an innovative contribution to the literature on the politics of pension reform, this volume provides a neo-institutionalist analysis of pension reform in Belgium, France, Sweden and the United Kingdom.
Download or read book Handbook of Macroeconomics written by John B. Taylor and published by Elsevier. This book was released on 2016-11-12 with total page 2744 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues, including fiscal, monetary, and regulatory policies to deal with crises, unemployment, and economic growth. As this volume shows, macroeconomics has undergone a profound change since the publication of the last volume, due in no small part to the questions thrust into the spotlight by the worldwide financial crisis of 2008. With contributions from the world’s leading macroeconomists, its reevaluation of macroeconomic scholarship and assessment of its future constitute an investment worth making. Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade Builds upon Volume 1 by using its section headings to illustrate just how far macroeconomic thought has evolved
Download or read book What Does Political Economy Tell Us about Economic Development and Vice Versa written by Philip Keefer and published by World Bank Publications. This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Financial Management and Its Emerging Architecture written by Mr.M. Cangiano and published by International Monetary Fund. This book was released on 2013-04-05 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades.
Download or read book The Political Economy of Monetary Solidarity written by Waltraud Schelkle and published by Oxford University Press. This book was released on 2017 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. The euro experiment can be understood as risk-sharing through a currency that is issued by a supranational central bank. A single currency shares liquidity risks by creating larger markets for all financial assets. A single monetary policy responds to business cycles in the currency area as a whole rather than managing the path of one dominant economy. Mechanisms of risk-sharing become institutions of monetary solidarity if they are consciously maintained, but they will periodically face opposition in member states. This book argues that diversity of membership is not an economic obstacle to the success of the euro, as diversity increases the potential gains from risk sharing. But political cooperation is needed to realize this potential, and such cooperation is up against collective action problems which become more intractable as the parties become more diverse. Hence, risk-sharing usually comes about as a collective by-product of national incentives. This political-economic tension can explain why the gains from risk-sharing are not more fully exploited, both in the euro area and in the US dollar area. This approach to monetary integration is based on the theory of collective action when hierarchy is not available as a solution to inter-state cooperation. The theory originates with Keohane and Ostrom (1995) and it is applied in this book, taking into account the latest research on the inherent instability of financial market integration.
