05970oam 22012494 450 991082057660332120240505232836.01-4755-8952-21-4755-8956-5(CKB)3710000001306489(Au-PeEL)EBL4854387(CaPaEBR)ebr11381915(CaONFJC)MIL1009356(OCoLC)986645241(IMF)FP2016EA(MiAaPQ)EBC4854387(EXLCZ)99371000000130648920020129d2017 uf 0engurcnu||||||||rdacontentrdamediardacarrierFiscal Politics /Vitor Gaspar, Sanjeev Gupta, Carlos Mulas-Granados1st ed.Washington, D.C. :International Monetary Fund,2017.1 online resource (550 pages)1-4755-4790-0 Includes bibliographical references and index.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.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.BooksFiscal policyPolitical scienceEconomic aspectsBudgetingimfForeign ExchangeimfMacroeconomicsimfPublic FinanceimfTaxationimfFiscal PolicyimfNational Government Expenditures and Related Policies: GeneralimfDebtimfDebt ManagementimfSovereign DebtimfTaxation, Subsidies, and Revenue: GeneralimfNational BudgetimfBudget SystemsimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfPublic finance & taxationimfBudgeting & financial managementimfCurrencyimfForeign exchangeimfLabourimfincome economicsimfFiscal policyimfExpenditureimfPublic debtimfRevenue administrationimfFiscal rulesimfExpenditures, PublicimfDebts, PublicimfRevenueimfBudgetimfUnited StatesimfFiscal policy.Political scienceEconomic aspects.BudgetingForeign ExchangeMacroeconomicsPublic FinanceTaxationFiscal PolicyNational Government Expenditures and Related Policies: GeneralDebtDebt ManagementSovereign DebtTaxation, Subsidies, and Revenue: GeneralNational BudgetBudget SystemsNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockPublic finance & taxationBudgeting & financial managementCurrencyForeign exchangeLabourincome economicsFiscal policyExpenditurePublic debtRevenue administrationFiscal rulesExpenditures, PublicDebts, PublicRevenueBudget339.52Gaspar Vitor265793Gupta Sanjeev257292Mulas-Granados Carlos502576International Monetary Fund,DcWaIMFBOOK9910820576603321Fiscal Politics4104642UNINA