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Fiscal Decentralization and Governance

Fiscal Decentralization and Governance »

Source: Fiscal Decentralization and Governance : A Cross-Country Analysis

Volume/Issue: 2001/71

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451849240

Keywords: decentralization, revenue mobilization, subnational governments, federalism, Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior,

Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of expenditure and revenue mobilization functions to subnational levels of government-is associated w...

Fiscal Policy over the Election Cycle in Low-Income Countries1

Fiscal Policy over the Election Cycle in Low-Income Countries1 »

Source: Fiscal Policy over the Election Cycle in Low-Income Countries

Volume/Issue: 2013/153

Series: IMF Working Papers

Author(s): Christian Ebeke , and Dilan Ölcer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2013

ISBN: 9781475588514

Keywords: Elections, IMF programs, tax revenues, national fiscal rules, fiscal policy, fiscal rule, Economic Models of Political Processes: Rent-Seeking, Legislatures, and Voting Behavior,

Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and lead...

Resources and Incentives to Reform

Resources and Incentives to Reform »

Source: Resources and Incentives to Reform : A Model and Some Evidence on Sub-Saharan African Countries

Volume/Issue: 2001/86

Series: IMF Working Papers

Author(s): Guido De Blasio , and A. Dalmazzo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2001

ISBN: 9781451850888

Keywords: autocracy, reforms, statistics, trade policies, probability, economic liberalization, domestic investment, Models of Political Processes: Rent-seeking, Elections, Legislatures

The paper models the incentives for a self-interested government to implement "good policies". While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consump...

Goal-Independent Central Banks

Goal-Independent Central Banks »

Source: Goal-Independent Central Banks : Why Politicians Decide to Delegate

Volume/Issue: 2006/256

Series: IMF Working Papers

Author(s): Christopher Crowe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

ISBN: 9781451865165

Keywords: coalition formation, treatment effects, monetary policy, central bank, inflation aversion, independent central bank, Noncooperative Games, Models of Political Processes: Rent-seeking, Elections, Legislatures

A motivation for central bank independence (CBI) is that policy delegation helps politicians manage diverse coalitions. This paper develops a model of coalition formation that predicts when delegation will occur. A...

Corruption, Competition, and Contracts

Corruption, Competition, and Contracts »

Source: Corruption, Competition, and Contracts : A Model of Vote Buying

Volume/Issue: 2006/11

Series: IMF Working Papers

Author(s): Felix Vardy , and John Morgan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862713

Keywords: Vote buying, lobbying, elections, voters, voter, voting, interest groups, interest group, Models of Political Processes: Rent-seeking, Legislatures

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shar...

Who Controls the Budget

Who Controls the Budget »

Source: Who Controls the Budget : The Legislature or the Executive?

Volume/Issue: 2005/115

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861341

Keywords: Legislature, executive, presidential, parliament, budget, power, annual budget, budget law, fiscal rules, budget systems

Country-specific factors prevent a strong linear relationship between the legislature's budgetary powers and the extent of its separation from the executive. Electoral and voting systems, bicameralism, constitution...

Social Sector Spending in a Panel of Countries

Social Sector Spending in a Panel of Countries »

Source: Social Sector Spending in a Panel of Countries

Volume/Issue: 2002/35

Series: IMF Working Papers

Author(s): Reza Baqir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

ISBN: 9781451845365

Keywords: social sectors, democracy, social sector, freedom house, government expenditure, Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior, Publicly Provided Goods: General

This paper presents evidence on the political and economic determinants of social sector spending from a panel dataset. The principal finding is that democratization in countries, as measured by within-country vari...

Modeling Politics with Economic Tools

Modeling Politics with Economic Tools »

Source: Modeling Politics with Economic Tools : A Critical Survey of the Literature

Volume/Issue: 2001/10

Series: IMF Working Papers

Author(s): Jan-Peter Olters

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842692

Keywords: Endogenous politics, political business cycles, optimal government behavior, unemployment, election, voters, social welfare, voting, Relation of Economics to Other Disciplines, History of Thought: Macroeconomics

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "ec...

The ECB and Euro-Area Enlargement1

The ECB and Euro-Area Enlargement1 »

Source: The ECB and Euro-Area Enlargement

Volume/Issue: 2002/175

Series: IMF Working Papers

Author(s): Helge Berger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2002

ISBN: 9781451858761

Keywords: Economic and Monetary Union (EMU), transition countries, accession countries, inflation, central bank, monetary fund, monetary policy decisions, Models of Political Processes: Rent-seeking, Elections, Legislatures

The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro...

Rent Seeking

Rent Seeking »

Source: Rent Seeking

Volume/Issue: 2005/43

Series: IMF Working Papers

Author(s): Shankha Chakraborty , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860627

Keywords: probability, expropriation, equation, credit markets, increasing returns, Personal Income, Wealth, and Their Distributions, Models of Political Processes: Rent-seeking, Elections

This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agent...