Fiscal Governance in Europe

Language: English

Published by Cambridge University Press, GB, 2010

0521138264 / 9780521138260

Series: Book 65 of 161 - Cambridge Studies in Comparative Politics

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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.

Seller Inventory # LU-9780521138260

Title
Fiscal Governance in Europe
Author
Mark Hallerberg, Rolf Rainer Strauch, Jürgen von Hagen
Publisher
Cambridge University Press, GB
Publication year
2010
Condition
New
Binding
Paperback
Language
English
ISBN 10
0521138264
ISBN 13
9780521138260
Item weight
370 grams
Series
Book 65 of 161: Cambridge Studies in Comparative Politics

Rarewaves.com UK

London, United Kingdom

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