Fiscal Governance in Europe
(Part of the Cambridge Studies in Comparative Politics Series)
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Book Overview
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.
Format:Paperback
Language:English
ISBN:0521138264
ISBN13:9780521138260
Release Date:August 2010
Publisher:Cambridge University Press
Length:246 Pages
Weight:0.90 lbs.
Dimensions:0.6" x 5.9" x 9.0"
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