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Fiscal Politics

Fiscal Politics »

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

DOI: http://dx.doi.org/10.5089/9781475547900.071

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this d...

The Macroeconomic Management of Foreign Aid
			: Opportunities and Pitfalls

The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls »

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

DOI: http://dx.doi.org/10.5089/9781589065208.072

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

Relatively slow progress toward meeting the Millennium Development Goals (MDGs) by their 2015 target date has added urgency to the challenge of reducing global poverty. The authors of this new book--who include sch...

The Political Economy of Seigniorage

The Political Economy of Seigniorage »

Source: The Political Economy of Seigniorage

Volume/Issue: 2005/175

Series: IMF Working Papers

Author(s): Ari Aisen , and Francisco José Veiga

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451861945

Keywords: Seigniorage, political instability, institutions, political rights, freedom house, political parties, political science,

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper investigates the...

The Value of Institutions for Financial Markets

The Value of Institutions for Financial Markets »

Source: The Value of Institutions for Financial Markets : Evidence From Emerging Markets

Volume/Issue: 2009/27

Series: IMF Working Papers

Author(s): Thomas Stratmann , and Bernardin Akitoby

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2009

ISBN: 9781451871746

Keywords: spreads, institutions, fiscal variables, political institutions, fiscal policy, political rights, democratic accountability,

This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvement...

Chapter 1. Fiscal Politics

Chapter 1. Fiscal Politics »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction Fiscal Politics seeks to capture the politics of fiscal policymaking, and thus revives a tradition in political economy that gradually left the mainstrea...

Chapter 2. Governments and Promised Fiscal Consolidations: Do They Mean What They Say?

Chapter 2. Governments and Promised Fiscal Consolidations: Do They Mean What They Say? »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction Several reasons could explain why fiscal outcomes may deviate from plans. First, the macroeconomic scenario may unfold differently from that foreseen in the plan (Franke...

Chapter 3. Fiscal Policy over the Election Cycle in Low-Income Countries

Chapter 3. Fiscal Policy over the Election Cycle in Low-Income Countries »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction A growing literature assesses the detrimental effects of policy volatility on long-term growth and aggregate welfare (Fatás and Mihov 2003, 2012). One source of policy v...

Chapter 4. Economic and Political Determinants of Tax Policies in OECD Countries

Chapter 4. Economic and Political Determinants of Tax Policies in OECD Countries »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

This chapter explores the economic and political causes of tax policy changes in Organisation for Economic Co-operation and Development (OECD) countries over the period 1990–2015. The analysis considers rate...

Chapter 5. Now or Later? The Political Economy of Public Investment in Democracies

Chapter 5. Now or Later? The Political Economy of Public Investment in Democracies »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction Public investment is often touted as a way to raise output, both in the short term by promoting aggregate demand and in the long term through enhanced supply potential o...

Chapter 6. Do Elections Affect the Wage Bill?

Chapter 6. Do Elections Affect the Wage Bill? »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction The electoral cycle can affect fiscal policy when incumbents wish to influence political outcomes. The wage bill—which, at about 25 percent of government expenditure on...