1.

Record Nr.

UNINA9910820576603321

Autore

Gaspar Vitor

Titolo

Fiscal Politics / / Vitor Gaspar, Sanjeev Gupta, Carlos Mulas-Granados

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2017

ISBN

1-4755-8952-2

1-4755-8956-5

Edizione

[1st ed.]

Descrizione fisica

1 online resource (550 pages)

Altri autori (Persone)

GuptaSanjeev

Mulas-GranadosCarlos

Disciplina

339.52

Soggetti

Fiscal policy

Political science - Economic aspects

Budgeting

Foreign Exchange

Macroeconomics

Public Finance

Taxation

Fiscal Policy

National Government Expenditures and Related Policies: General

Debt

Debt Management

Sovereign Debt

Taxation, Subsidies, and Revenue: General

National Budget

Budget Systems

National Government Expenditures and Related Policies: Infrastructures

Other Public Investment and Capital Stock

Public finance & taxation

Budgeting & financial management

Currency

Foreign exchange

Labour

income economics

Expenditure

Public debt

Revenue administration

Fiscal rules

Expenditures, Public

Debts, Public



Revenue

Budget

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Cover -- Contents -- Foreword -- Acknowledgments -- Contributors -- INTRODUCTION -- 1 Fiscal Politics -- PART I: ELECTIONS, IDEOLOGY, AND POLITICAL FRAGMENTATION -- 2 Governments and Promised Fiscal Consolidations: Do They Mean What They Say? -- 3 Fiscal Policy over the Election Cycle in Low-Income Countries -- 4 Economic and Political Determinants of Tax Policies in OECD Countries -- 5 Now or Later? The Political Economy of Public Investment in Democracies -- 6 Do Elections Affect the Wage Bill? -- 7 Energy Subsidies and Public Social Spending: Theory and Evidence -- 8 It's Politics, Stupid! Political Constraints Determine Governments' Reactions to the Great Recession -- 9 Fragmented Politics and Public Debt -- PART II: INSTITUTIONS, RULES, AND FISCAL COUNCILS -- 10 Political Institutions, State Building, and Tax Capacity: Crossing the Tipping Point -- 11 Fiscal Discipline and Exchange Rates: Does Politics Matter? -- 12 Expenditure Rules: Effective Tools for Sound Fiscal Policy? -- 13 Fiscal Rules to Tame the Political Budget Cycle: Evidence from Italian Municipalities -- 14 On the Determinants of Fiscal Noncompliance: An Empirical Analysis of Spanish Regions -- 15 Budget Institutions in Low-Income Countries -- 16 Fiscal Watchdogs and Sound Fiscal Policy: Is the Barking Loud Enough to Tame Politicians? -- PART III: SUPRANATIONAL FISCAL POLITICS -- 17 The Making of a Continental Financial System: Lessons for Europe from Early American History -- 18 Fiscal Politics in the Euro Area -- 19 IMF Conditionality and Revenue Performance -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y.

Sommario/riassunto

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.