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Fiscal Institutions and Fiscal Performance

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  • Poterba, James M.
  • von Hagen, Jurgen

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Abstract

The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic developments within a specific country. Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models, empirical evidence, and a series of in-depth case studies to analyze the effect of political institutions, fiscal regulations, and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues involved and highlights the role of budgetary institutions in the formation of budget deficits.

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Bibliographic Info

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This book is provided by University of Chicago Press in its series National Bureau of Economic Research Books with number 9780226676234 and published in 1999.

Edition: 1
ISBN: 9780226676234
Order: http://press.uchicago.edu/ucp/books/book/isbn/9780226676234.html
Handle: RePEc:ucp:bknber:9780226676234

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Cited by:
  1. Barra, Cristian & Bimonte, Giovanna & Spennati, Pietro, 2014. "The common pool problem of intergovernmental interactions," MPRA Paper, University Library of Munich, Germany 57062, University Library of Munich, Germany.
  2. Ehrhart, Karl-Martin & Gardner, Roy & Hagen, Jürgen von & Keser, Claudia, 2006. "Budget Processes: Theory and Experimental Evidence," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University 146, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  3. Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2013. "On graduation from fiscal procyclicality," Journal of Development Economics, Elsevier, Elsevier, vol. 100(1), pages 32-47.
  4. Hallerberg, Mark & Strauch, Rolf & Hagen, Jürgen von, 2006. "The design of fiscal rules and forms of governance in European Union countries," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University 150, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  5. Bernd Hayo & Florian Neumeier, 2014. "The Debt Brake in the Eyes of the German Population," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) 201441, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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