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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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Web page: http://press.uchicago.edu

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Cited by:
  1. Hallerberg, Mark & Strauch, Rolf & von Hagen, Jürgen, 2004. "The design of fiscal rules and forms of governance in European Union countries," Working Paper Series 0419, European Central Bank.
  2. Ehrhart, Karl-Martin & Gardner, Roy & von Hagen, Jürgen & Keser*, Claudia, 2004. "Budget Processes: Theory and Experimental Evidence," Sonderforschungsbereich 504 Publications 04-57, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.

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