LEADER 05793oam 22013454 450 001 9910814668103321 005 20240515190037.0 010 $a1-4623-9622-4 010 $a1-4527-0575-5 010 $a1-282-44793-9 010 $a1-4519-8725-0 010 $a9786613821133 035 $a(CKB)3360000000443152 035 $a(EBL)3014347 035 $a(SSID)ssj0000940076 035 $a(PQKBManifestationID)11592415 035 $a(PQKBTitleCode)TC0000940076 035 $a(PQKBWorkID)10946571 035 $a(PQKB)10434791 035 $a(OCoLC)712989247 035 $a(IMF)WPIEE2006123 035 $a(MiAaPQ)EBC3014347 035 $a(EXLCZ)993360000000443152 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCan Budget Institutions Counteract Political Indiscipline? /$fAshoka Mody, Stefania Fabrizio 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (53 p.) 225 1 $aIMF Working Papers 300 $a"May 2006." 311 $a1-4518-6383-7 320 $aIncludes bibliographical references. 327 $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"" 330 3 $aThe budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/123 606 $aBudget$zEuropean Union countries$xEconometric models 606 $aFiscal policy$zEuropean Union countries$xEconometric models 606 $aElections$xEconomic aspects$zEuropean Union countries 606 $aBudgeting$2imf 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aAnalysis of Collective Decision-Making: General$2imf 606 $aMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General$2imf 606 $aNational Budget, Deficit, and Debt: General$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aFiscal Policy$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aUnemployment: Models, Duration, Incidence, and Job Search$2imf 606 $aBudgeting & financial management$2imf 606 $aPublic finance & taxation$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aBudget planning and preparation$2imf 606 $aExpenditure$2imf 606 $aFiscal stance$2imf 606 $aPublic debt$2imf 606 $aUnemployment rate$2imf 606 $aPublic financial management (PFM)$2imf 606 $aFiscal policy$2imf 606 $aBudget$2imf 606 $aExpenditures, Public$2imf 606 $aDebts, Public$2imf 606 $aUnemployment$2imf 607 $aPoland, Republic of$2imf 615 0$aBudget$xEconometric models. 615 0$aFiscal policy$xEconometric models. 615 0$aElections$xEconomic aspects 615 7$aBudgeting 615 7$aLabor 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aAnalysis of Collective Decision-Making: General 615 7$aMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General 615 7$aNational Budget, Deficit, and Debt: General 615 7$aNational Budget 615 7$aBudget Systems 615 7$aNational Government Expenditures and Related Policies: General 615 7$aFiscal Policy 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aUnemployment: Models, Duration, Incidence, and Job Search 615 7$aBudgeting & financial management 615 7$aPublic finance & taxation 615 7$aLabour 615 7$aincome economics 615 7$aBudget planning and preparation 615 7$aExpenditure 615 7$aFiscal stance 615 7$aPublic debt 615 7$aUnemployment rate 615 7$aPublic financial management (PFM) 615 7$aFiscal policy 615 7$aBudget 615 7$aExpenditures, Public 615 7$aDebts, Public 615 7$aUnemployment 700 $aMody$b Ashoka$0888386 701 $aFabrizio$b Stefania$01103907 712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910814668103321 996 $aCan Budget Institutions Counteract Political Indiscipline$94071950 997 $aUNINA