Author: Ali H. Bayar
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Author: Ali H. Bayar
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Author: Istvan Benczes
Publisher: Central European University Press
ISBN: 963386058X
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
The adjustment problems of public finance in countries of Central and Eastern Europe (CEE) are often misunderstood and misinterpreted by western scholars. This book contributes to the bridging of the gap between what is being thought by external observers and what the actual public finance reality is, as described by competent local scholars. Popular political economy research has remained biased towards advanced countries and has neglected developing and transition economies. Publications on CEE countries? public finances seem to be reluctant to apply the conceptual framework of standard political economy to these countries because of the assumption that CEE economies are different from their Western peers. But is this really the case? Are CEE economies so much different that none of the well-known ?Western? political economy concepts or models can be applied to the analysis of fiscal performance in the region? Benczes demonstrates that they can be safely applied in the context of CEE economies as well. He sees no need to develop a separate or unique theory designed for the study and understanding of (one-time) transition economies. ÿ

Author: Mr.Alberto Alesina
Publisher: International Monetary Fund
ISBN: 1451850689
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last 20 years rather than before? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We will then proceed to a discussion of political economy models, which we organize in six groups: (i) models based upon opportunistic policymakers and naive voters with “fiscal illusion;” (ii) models of intergenerational redistributions; (iii) models of debt as a strategic variable, linking the current government with the next one; (iv) models of coalition governments; (v) models of geographically dispersed interests; and (vi) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.

Author: C. Mulas-Granados
Publisher: Springer
ISBN: 023050163X
Category : Business & Economics
Languages : en
Pages : 331

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Book Description
Motivated by the proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe, using theory and empirical evidence from the last four decades.

Author: Alberto Alesina
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 0

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Book Description
This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last twenty years rather than before? We begin by discussing the 'tax smoothing' model and conclude that this approach alone cannot provide complete answers to these questions. We will then proceed to a discussion of political economy models, which we organize in six groups: i) Models based upon opportunistic policy makers and naive voters with 'fiscal illusion'; ii) Models of intergenerational redistributions; iii) Models of debt as a strategic variable, linking the current government with the next one; iv) Models of coalition governments; v) Models of geographically dispersed interests; vi) Models emphasizing the effects of budgetary institutions.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Per-Anders Edin
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Author: Nouriel Roubini
Publisher:
ISBN:
Category :
Languages : es
Pages : 39

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Author: Klaas Knot
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Klaas, who is with the monetary and economic policy department De Nederlandsche Bank in Amsterdam, explores the potential effects of fiscal policy on financial markets in the Union, taking into account the gradual liberalization of capital movements throughout Western Europe and the institutional framework of the European monetary system. He takes a new approach to the impact of budget deficits on interest rates, especially in relation to international financial integration. He concludes that budget deficits since the early 1970s have raised interest rates and recommends balanced budgets to keep money cheap. Annotation copyrighted by Book News, Inc., Portland, OR