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[etc.] 210 $dAmsterdam [etc.] : published by Harwood academic publishers in co-operation with the Korea research foundation for te 21. Century$dc1997 215 $aXVII, 691 p.$d23 cm 606 $aTrasporti$xEconomia$2FI 620 $dAmberstam 676 $a388.049$cTrasporti. 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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. 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