The Political Economy of Fiscal Consolidation:
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, 'deficit bias', including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
no.776 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, 'deficit bias', including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy-related factors which affect the success of fiscal consolidation efforts. This is followed by a discussion of the role of fiscal institutions, including fiscal rules and autonomous agencies. The final section considers how the political economy of fiscal policy has changed with the financial crisis, giving some indications as to what may be needed to re-establish a consolidation path and make it less prone to setbacks. |
| Beschreibung: | 1 Online-Ressource (43 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kmddq798lls-en |
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| spelling | Price, Robert VerfasserIn aut The Political Economy of Fiscal Consolidation Robert, Price = L'économie politique de l'ajustement budgétaire / Robert, Price L'économie politique de l'ajustement budgétaire Paris OECD Publishing 2010 1 Online-Ressource (43 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.776 This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, 'deficit bias', including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy-related factors which affect the success of fiscal consolidation efforts. This is followed by a discussion of the role of fiscal institutions, including fiscal rules and autonomous agencies. The final section considers how the political economy of fiscal policy has changed with the financial crisis, giving some indications as to what may be needed to re-establish a consolidation path and make it less prone to setbacks. Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kmddq798lls-en Volltext |
| spellingShingle | Price, Robert The Political Economy of Fiscal Consolidation Economics |
| title | The Political Economy of Fiscal Consolidation |
| title_alt | L'économie politique de l'ajustement budgétaire |
| title_auth | The Political Economy of Fiscal Consolidation |
| title_exact_search | The Political Economy of Fiscal Consolidation |
| title_full | The Political Economy of Fiscal Consolidation Robert, Price = L'économie politique de l'ajustement budgétaire / Robert, Price |
| title_fullStr | The Political Economy of Fiscal Consolidation Robert, Price = L'économie politique de l'ajustement budgétaire / Robert, Price |
| title_full_unstemmed | The Political Economy of Fiscal Consolidation Robert, Price = L'économie politique de l'ajustement budgétaire / Robert, Price |
| title_short | The Political Economy of Fiscal Consolidation |
| title_sort | political economy of fiscal consolidation |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5kmddq798lls-en |
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