Read The Political Economy of Fiscal Consolidation in Japan - Toshihiro Ihori | ePub
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Labor income tax rate is collected from oecd revenue statistics data base.
Such, the theory of fiscal competition lies squarely in the realm of political economy. This essay presents a concise overview of some of the principal themes that.
May 31, 2010 working papers from the economics department of the oecd that cover the full range of the department's work including the economic.
The political economy of fiscal policy public deficits, volatility, and growth by jaejoon woo and publisher springer. Save up to 80% by choosing the etextbook option for isbn: 9783540314172, 3540314172. The print version of this textbook is isbn: 9783540296409, 3540296409.
It is also useful to recall the lessons from past experience and from political economy regarding the main characteristics of good fiscal rules. To be meaningful and effective, fiscal rules should be based on a sound economic rationale and be sufficiently flexible to allow for appropriate policy responses.
This book investigates the reasons for persistent public deficits and delayed fiscal reform in japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing.
On the principles of political economy and taxation (19 april 1817) is a book by david ricardo on economics.
Overview and synthesis: the political economy of fiscal transparency, participation, and accountability around the world sanjeev khagram, paolo de renzio, and archon fung.
Jan 25, 2002 fiscal rules from a political economy perspective.
Keywords: political economy, fiscal federalism, monetary unions this paper reviews and expands recent developments in the theory of international political economy with particular reference to the impact of in-stitutional organization of federal structures on the size, composition and scope of unions of countries to coordinate policy.
The theory combines the economic and political models to provide a positive account of the simultaneous determination of fiscal policy and unemployment. The political model underlying the theory follows the approach in our previous work (battaglini and coate 2007, 2008).
Political economy of fiscal institutions jürgen von hagen zei, university of bonn, indiana university, and cepr revised, november 2005 abstract: we discuss two essential problems of the political economy of public finances: the principal agent problem between voters and elected politicians and the common pool.
Abstract: we discuss two essential problems of the political economy of public finances: design. Keywords: electoral systems, fiscal rules, budgeting processes.
The political economy of fiscal procyclicality jamus jerome lim july 21, 2020 abstract it is well-recognized that scal spending in developing countries tend to display.
This important collection of eight interrelated essays fills a gap in english- language literature in public finance and fiscal theory.
Panel logit and heteroskedasticity probit evaluate the probability of government's survival after having engaged in tight (loose) fiscal policies.
The problem of debt: the game of banks • government guarantees bank debts.
Keywords: research, fiscal institutions, ex ante rules, electoral institutions, budget process, principal-agent relationship, common-pool property, public funds jürgen von hagen jürgen von hagen is professor of economics at the university of bonn, research fellow at the center for economic policy research (london), and a fellow of the german.
About reihan salam what makes the current fiscal picture unsustainable are mostly the promises that legislators have made to public.
This paper considers the political economy of fiscal policy and economic management across oil exporting countries with widely differing political systems.
This paper sheds light on how certain political variables influence policy choices during banking crises and hence have an impact on fiscal outlays.
A government affects the economy in many ways, including through fiscal policy, the way the government taxes its population and spends its resources, and through monetary policy and regulation, which is covered later. All governments require money to operate, so they raise money through taxation.
A political economy perspective on fiscal rules in particular and rules in general will help answer these questions. It will also help us better understand the relation between fiscal rules and the notion that governments find that can build a reputation for fiscal discipline do not need to rely on rules.
But the choice of strategy once again provides rich insights into the political economy of fiscal policy in the philippines and the limits of economic ideas.
14) states that “tax tilting could occur, for example, if the current government is unsure of its reelection prospects and therefore favors higher current debt levels than are implied by tax-smoothing, in order to exert an influence of the future spending activities of rival.
Drawing on concepts from the comparative institutionalist tradition in political science, the authors develop a generalized typology of political states that is used in analyzing the political economy of fiscal and economic management in oil-exporting countries with widely differing political systems.
Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries.
Political economy fiscal rule fiscal discipline budget institution creative account these keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Oct 8, 2018 i will begin by outlining the gestation and defining political economy features of the green state concept.
Many economic issues are seen through the eyes of political beliefs. For example, some people are instinctively more suspicious of government intervention. Therefore, they prefer economic policies which seek to reduce government interference in the economy.
By the start of world war i, however, many such countries had centralized institutions and limited government. Panel regressions indicate that political transformations toward centralized and limited regimes led to significant improvements in fiscal prudence. Dynamic estimations and structural breaks tests reinforce these findings.
The political economy of fiscal policy: public deficits, volatility, and growth (lecture notes in economics and mathematical systems (570)) [woo, jaejoon] on amazon.
May 13, 2010 peterson institute for international economics, washington, dc he is a prolific commentator on contemporary economies and politics in both.
One view is that concessions demanded by and granted to interests groups are responsible for steady fiscal decline, and delay in reforms. We argue that negative supply shocks combined with the political objective of protecting the poor can build in incentives leading to these results.
Due to the overall high level of fiscal distress of german municipalities, the economist (2011) labels them “hundreds of mini-greeces” and mentions the failure of “state watchdogs” as one of the main causes, especially in north rhine-westphalia. The political economy of fiscal supervision of german local governments is delicate.
Econometric models fiscal policy fiscal transparency political economy public debt. Publication date: september 1, 2017 isbn/issn: 9781484315552/1018-5941.
Through this analysis, ricardo came to advocate free trade and oppose britain's restrictive “corn laws.
The paper studies the political and economic determinants of regional public transfers. Specifically, it focuses on how such transfers are shaped by alternative.
Drawing on concepts from the comparative institutionalist tradition in political science, eifert, gelb, and tallroth develop a generalized typology of political states that is used in analyzing the political economy of fiscal and economic management in oil-exporting countries with widely differing political systems.
Monetary policy and fiscal policy some of the most common ways that a government may attempt to influence a country's economic activities are by adjusting the cost of borrowing money (by lowering.
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 pursued.
Hancké: political economy of fiscal policy in emu 7 the most important components of the sgp are that governments accept a 3% budget deficit maximum --except under very specific circumstances of negative growth (the exces-sive deficit procedure), and a balanced budget over the cycle and within the foreseeable future.
On the political economy of income redistribution and crime, bulletins 7497, university of minnesota, economic development center. On the political economy of income redistribution and crime, working papers (old series) 9609, federal reserve bank of cleveland.
In the context of recent research in political economy, this paper addresses the policy problem of fiscal consolidation in terms of three types of issues: i) the macroeconomic effects of alternative strategies to consolidate; ii) the institutional setups conducive to a consolidation; and iii) the best strategy for implementing a consolidation in order to maximize its political feasibility.
Despite its benefits, providing larger fiscal allocations to local governments may face several political-economic challenges.
And debrun, xavier and sloof, randolph, the political economy of fiscal transparency and independent fiscal councils (august 4, 2017).
Political economy of fiscal responsibility the economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework.
At this time, the government also shifted away from its reliance on fiscal policy—the manipulation of government revenues to influence the economy.
The aim of the european journal of political economy is to disseminate original theoretical and empirical research on economic fiscal frameworks in europe.
Field data on the strategic use of deficits to limit thebudgetary scope of future governments are inconclusive aboutthe effects of political polarization or a government'sre-election probability on fiscal policy. Therefore, wedesigned a controlled experiment to examine the strategic useof deficits. Using a within-subjects design, we find thatdeficits rise with a higher degree of polarization.
Downloadable! this paper surveys the recent literature on the political economy of fiscal policy, in particular the accumulation of government debt. The authors examine three possible determinants of fiscal balances: opportunistic behavior by policymakers, heterogeneous fiscal preferences of either voters or politicians, and budget institutions.
From cambridge university press: inspired by the new fiscal history, this book represents the first global survey of taxation in the premodern world.
Motivated by these issues, we have been developing a theory of the collective choice of fiscal policy in dynamic economies that are subject to aggregate shocks. The economic model underlying our theory is similar to that used in the tax-smoothing literature.
Record 193 - 204 the political economy of fiscal decentralization bringing politics to the study of intergovernmental transfers.
The political economy of fiscal transparency, participation, and accountability around the world.
Thepolitical economyoffiscal decentralization bringing politics to the study of intergovernmental transfers sandra león-alfonso.
May 8, 2019 financial markets are always at risk due to changes in the political, to control and keep stability in social, economic, and political security, this.
Assess political economy and financial access explanations for fiscal procyclicality. Model procyclical fiscal-output relationship using a dcc-garch process.
Deficit for the fiscal year 2013 to fall to 4 percent – it not only dampens short-term economic growth pros- pects, but also severely prevents the government from.
Nov 11, 2020 chile have implemented successful rules‐based debt brakes that have achieved fiscal discipline without political or economic disruption.
The political economy of fiscal policy public deficits, volatility, and growth by woo, jaejoon.
The role of fiscal policy: lessons from stabilization efforts in the united states during the great depression, international journal of political economy, 41(2), 5-26. Neoliberalism as a concept, economy and society 44(2), 165-187.
There are many dimensions to the green state, but its fundamental political economy characteristics can be defined as the fusion between the belief in de-privileging gross domestic product (gdp) growth as a political objective and the utilisation of the state to ensure environmental protection (eckersley 2004, christoff 2005).
The supply-side theory holds that economic growth is stimulated through fiscal policies designed to increase the supply of goods and services.
This paper treats low inflation in emu as a collective action problem for ecofin.
Chapter 4 pursues a theory of political economy where budgets arise through competition among political entities on a fiscal commons. This analytical framework brings politics and budgetary processes within the ambit of common property, which in turn brings the tragedy of the commons into play.
In addition to fiscal and monetary policies, a government affects the economy through regulatory policy, which aims to limit what can be done in the marketplace. Most governments have some regulations covering a variety of areas, including:.
This paper surveys the recent literature on the political economy of fiscal policy, in particular the accumulation of government debt. We examine three possible determinants of fiscal balances: opportunistic behavior by policymakers, heterogeneous fiscal preferences of either voters or politicians, and budget institutions.
This paper surveys recent contributions to the study of fiscal decentralization which adopt a political economy approach. It is argued that this approach can capture, in a variety of formal models, the plausible and influential ideas (increasingly, supported by empirical evidence) that fiscal decentralization can lead to improved preference-matching and accountability of government.
The political economy of fiscal reform in central and eastern europe by george kopits* this article discusses fiscal reform in central and eastern europe from the perspective of political economy. Following an overview of basic reform trends, the article focuses on the principal drivers and impediments to reform in the region.
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