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Reforming Budget System Laws

Reforming Budget System Laws »

Source: Reforming Budget System Laws

Volume: 2010

Series: Technical Notes and Manuals

Author(s): Ian Lienert , and Israel Fainboim Yaker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2010

ISBN: 9781462394937

Keywords: budget system law reform executive legislature, budget, annual budget, revenues, debt, budget system

This paper discusses the need for reforming budget system laws (BSLs). The outcomes of the budget process depend heavily on whether there are clear rules for formulating, executing, and reporting on the annual budg...

Role of the Legislature in Budget Processes

Role of the Legislature in Budget Processes »

Source: Role of the Legislature in Budget Processes

Volume: 2010

Series: Technical Notes and Manuals

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2010

ISBN: 9781462398973

Keywords: budget, approval, parliament, legislature, government, executive, accountability, annual budget, appropriations, budgets

This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature's active engagement in the budget process is ess...

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...

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...

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...

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...

Can Public Discussion Enhance Program Ownership?

Can Public Discussion Enhance Program Ownership? »

Source: Can Public Discussion Enhance Program Ownership?

Volume/Issue: 2004/163

Series: IMF Working Papers

Author(s): Peter Isard , and Allan Drazen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451857962

Keywords: Ownership, deliberative democracy, cheap talk, interest groups, voting, political science, democratic values, Models of Political Processes: Rent-seeking, Elections, Legislatures

We use the concepts of deliberative democracy from political science and cheap talk from economics to develop a better understanding of how public discussion can contribute to building and demonstrating ownership o...

British Influences on Commonwealth Budget Systems

British Influences on Commonwealth Budget Systems »

Source: British Influences on Commonwealth Budget Systems : The Case of the United Republic of Tanzania

Volume/Issue: 2007/78

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866421

Keywords: budget, legislature, executive, constitution, law, Minister of Finance, Chancellor, Exchequer, Permanent Secretary, Accounting Officer

Several features of Tanzania's budget system find their roots in the arrangements inherited from the United Kingdom. These include a legal framework that emphasizes accountability; a cabinet of ministers with stron...

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...

Winning Connections? Special Interests and the Sale of Failed Banks

Winning Connections? Special Interests and the Sale of Failed Banks »

Source: Winning Connections? Special Interests and the Sale of Failed Banks

Volume/Issue: 2017/262

Series: IMF Working Papers

Author(s): Deniz Igan , Thomas Lambert , Wolf Wagner , and Quxian Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781484330104

Keywords: Western Hemisphere, United States, Bank resolution, Financial crisis, Rent seeking, Failed banks, Lobbying, Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures

We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction....