Fiscal Governance in Europe Paperback / softback
by Mark Hallerberg, Rolf (European Central Bank, Frankfurt) Rainer Strauch, Jurgen (Rheinische Friedrich-Wilhelms-Universitat Bonn) von Hagen
Part of the Cambridge Studies in Comparative Politics series
Paperback / softback
Description
This book presents a theoretical framework to discuss how governments coordinate budgeting decisions.
There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts.
These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized.
An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system.
Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences.
Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system.
Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.
Information
-
Out of stock
- Format:Paperback / softback
- Pages:246 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:16/08/2010
- Category:
- ISBN:9780521138260
Other Formats
- Hardback from £58.09
- PDF from £26.34
Information
-
Out of stock
- Format:Paperback / softback
- Pages:246 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:16/08/2010
- Category:
- ISBN:9780521138260
