LEADER 05970oam 22012494 450 001 9910820576603321 005 20240505232836.0 010 $a1-4755-8952-2 010 $a1-4755-8956-5 035 $a(CKB)3710000001306489 035 $a(Au-PeEL)EBL4854387 035 $a(CaPaEBR)ebr11381915 035 $a(CaONFJC)MIL1009356 035 $a(OCoLC)986645241 035 $a(IMF)FP2016EA 035 $a(MiAaPQ)EBC4854387 035 $a(EXLCZ)993710000001306489 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aFiscal Politics /$fVitor Gaspar, Sanjeev Gupta, Carlos Mulas-Granados 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2017. 215 $a1 online resource (550 pages) 311 $a1-4755-4790-0 320 $aIncludes bibliographical references and index. 327 $aCover -- 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. 330 3 $aTwo main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules can offer solutions; and part 3 (4 chapters) discusses how multilevel governance frameworks can help. 410 0$aBooks 606 $aFiscal policy 606 $aPolitical science$xEconomic aspects 606 $aBudgeting$2imf 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aFiscal Policy$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aPublic finance & taxation$2imf 606 $aBudgeting & financial management$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aFiscal policy$2imf 606 $aExpenditure$2imf 606 $aPublic debt$2imf 606 $aRevenue administration$2imf 606 $aFiscal rules$2imf 606 $aExpenditures, Public$2imf 606 $aDebts, Public$2imf 606 $aRevenue$2imf 606 $aBudget$2imf 607 $aUnited States$2imf 615 0$aFiscal policy. 615 0$aPolitical science$xEconomic aspects. 615 7$aBudgeting 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aTaxation 615 7$aFiscal Policy 615 7$aNational Government Expenditures and Related Policies: General 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aNational Budget 615 7$aBudget Systems 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aPublic finance & taxation 615 7$aBudgeting & financial management 615 7$aCurrency 615 7$aForeign exchange 615 7$aLabour 615 7$aincome economics 615 7$aFiscal policy 615 7$aExpenditure 615 7$aPublic debt 615 7$aRevenue administration 615 7$aFiscal rules 615 7$aExpenditures, Public 615 7$aDebts, Public 615 7$aRevenue 615 7$aBudget 676 $a339.52 700 $aGaspar$b Vitor$0265793 701 $aGupta$b Sanjeev$0257292 701 $aMulas-Granados$b Carlos$0502576 712 02$aInternational Monetary Fund, 801 0$bDcWaIMF 906 $aBOOK 912 $a9910820576603321 996 $aFiscal Politics$94104642 997 $aUNINA