05793oam 22013454 450 991081466810332120240515190037.01-4623-9622-41-4527-0575-51-282-44793-91-4519-8725-09786613821133(CKB)3360000000443152(EBL)3014347(SSID)ssj0000940076(PQKBManifestationID)11592415(PQKBTitleCode)TC0000940076(PQKBWorkID)10946571(PQKB)10434791(OCoLC)712989247(IMF)WPIEE2006123(MiAaPQ)EBC3014347(EXLCZ)99336000000044315220020129d2006 uf 0engur|n|---|||||txtccrCan Budget Institutions Counteract Political Indiscipline? /Ashoka Mody, Stefania Fabrizio1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (53 p.)IMF Working Papers"May 2006."1-4518-6383-7 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/123BudgetEuropean Union countriesEconometric modelsFiscal policyEuropean Union countriesEconometric modelsElectionsEconomic aspectsEuropean Union countriesBudgetingimfLaborimfMacroeconomicsimfPublic FinanceimfAnalysis of Collective Decision-Making: GeneralimfMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: GeneralimfNational Budget, Deficit, and Debt: GeneralimfNational BudgetimfBudget SystemsimfNational Government Expenditures and Related Policies: GeneralimfFiscal PolicyimfDebtimfDebt ManagementimfSovereign DebtimfUnemployment: Models, Duration, Incidence, and Job SearchimfBudgeting & financial managementimfPublic finance & taxationimfLabourimfincome economicsimfBudget planning and preparationimfExpenditureimfFiscal stanceimfPublic debtimfUnemployment rateimfPublic financial management (PFM)imfFiscal policyimfBudgetimfExpenditures, PublicimfDebts, PublicimfUnemploymentimfPoland, Republic ofimfBudgetEconometric models.Fiscal policyEconometric models.ElectionsEconomic aspectsBudgetingLaborMacroeconomicsPublic FinanceAnalysis of Collective Decision-Making: GeneralMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: GeneralNational Budget, Deficit, and Debt: GeneralNational BudgetBudget SystemsNational Government Expenditures and Related Policies: GeneralFiscal PolicyDebtDebt ManagementSovereign DebtUnemployment: Models, Duration, Incidence, and Job SearchBudgeting & financial managementPublic finance & taxationLabourincome economicsBudget planning and preparationExpenditureFiscal stancePublic debtUnemployment ratePublic financial management (PFM)Fiscal policyBudgetExpenditures, PublicDebts, PublicUnemploymentMody Ashoka888386Fabrizio Stefania1103907International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910814668103321Can Budget Institutions Counteract Political Indiscipline4071950UNINA