Partisan Preferences and Political Institutions: Explaining Fiscal Retrenchment in the European Union
AbstractThis paper endeavours to illuminate the political and institutional factors that can help explain differing degrees of fiscal retrenchment in European Union countries for the time period 1990-2001. Several variants of the partisan approach and the veto players framework are elucidated and applied to the question of budgetary consolidation. These elaborations yield five working hypotheses which are empirically tested using a time-series cross-section data set of 14 EU countries. The results lend support to the notion that partisan preferences and institutional veto players interact budgetary retrenchment in a rather counterintuitive way.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by European Political Economy Infrastructure Consortium in its journal European Political Economy Review.
Volume (Year): 8 (2008)
Issue (Month): Spring ()
Deficits; Fiscal Adjustment; Partisan Models; Veto Player Models; Binary Time-Series Cross-Section Models;
Find related papers by JEL classification:
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- F15 - International Economics - - Trade - - - Economic Integration
- K00 - Law and Economics - - General - - - General (including Data Sources and Description)
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Matthias Bauer, 2013. "Political Aversion To a Multilateral Fiscal Rule: The Dynamic Commitment Problem in European Fiscal Governance," Global Financial Markets Working Paper Series 44-2013, Friedrich-Schiller-University Jena.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof.Dr.Sebastian Dullien).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.