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Institutions, Politics and Fiscal Policy (Hardcover, 2000 ed.)
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Institutions, Politics and Fiscal Policy (Hardcover, 2000 ed.)
Series: ZEI Studies in European Economics and Law, 2
Expected to ship within 10 - 15 working days
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Rolf R. Strauch and Jiirgen von Hagen Center for European
Integration Studies (ZEI), University of Bonn; ZEI, University of
Bonn, Indiana University, and CEPR The large and persistent
deficits, rising levels of debt and growing levels of public
spending observed in many DECO economies during the past 25 years
have stimulated much theoretical and empirical research on the
political economy of public finance. Although a number of issues
have been studied extensively, certain areas are still at an
exploratory stage and need further theorizing and thorough
empirical research. During the last two decades, the theoretical
debate on budgeting has been dominated by the controversy between
partisan and institutionalist approaches. Within the more
political-science oriented, institutionalist literature, a
controversy exists between the distributive and the informational
perspectives, each setting forth a distinctive organizational
rationale of parliaments with different fiscal implications. The
papers in this volume cover these different perspectives, extend
previous models, and test their empirical validity. The papers were
originally written for a conference on "Institutions, Politics, and
Fiscal Policy" organized by the Center for European Integration
Studies at the University of Bonn, Germany, in July 1998. The book
is organized in three parts each focusing on a distinctive aspect.
The first part is dedicated to the partisan perspective. The second
part focuses on budget institutions. The third part consists of
three case studies of institutional reform of the budget process.
This book is directed to academics and practitioners alike.
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