Fiscal Challenges

Author: Elizabeth Garrett
Publisher: Cambridge University Press
ISBN: 1139468448
Format: PDF
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Fiscal Challenges: An Interdisciplinary Approach to Budget Policy brings together leading experts from a range of disciplines to explore the problems of budget policy. The authors, including top economists, political scientists, historians, psychologists, and legal scholars, together provide a unique, multidisciplinary introduction to the subject. In addition to in-depth analysis of congressional budget procedures and the economics of federal deficits and debt, Fiscal Challenges explores important recent developments in budget policy at the state level and in the European Union. The goal of the volume is to offer readers wide-ranging perspectives on the many different academic disciplines and perspectives that bear on the evaluation of budgetary procedures and their reform.

Comparing Public Policies

Author: Jessica R. Adolino
Publisher: SAGE
ISBN: 1483305309
Format: PDF, Mobi
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The study of comparative public policy reveals the intensely political nature of policy choices. While policy analysts often look to policy successes and failures outside their borders to draw valuable lessons and insights, cultural, economic, political, and institutional conditions vary from country to country and strongly affect how policy analysis is ultimately used. By combining a conceptual discussion of policy making with an examination of seven specific policy areas, Jessica Adolino and Charles Blake show how politics—in the realm of the environment, education, taxation, economics, immigration, health care, and social welfare—shapes policy choices. The second edition of Comparing Public Policies has been revised and updated to reflect the most recent political and policy developments. This new edition expands coverage of the internationalization of domestic policy making by including a European Union case study in each issue area, along with further discussion of the role of international interest groups in the policy process. The seven policy chapters have been revised and updated to examine current issues in the United States, Japan, Germany, France, the United Kingdom, Italy, and the European Union, such as: the heightened calls for immigration policy reform the return to higher budget deficits in several countries the efforts to lower tax rates in countries with falling expenditures and in countries with rising spending levels the often unsuccessful attempts to control increasing health care costs in countries with aging populations the spirited debate over the future role of the welfare state in an increasingly globalized economy the, at times, divergent education reform debates regarding the role of assessment and calls for decentralization the uneven environmental performance in the reduction of carbon dioxide emissions Chapters include analyses of cross­national trends—past and present—and a final chapter reexamines the internationalization of public policy in industrialized countries. Useful pedagogical features have been incorporated throughout the text, including “In Depth” boxes that offer detailed discussion of the political process or analytical techniques, and “Country At-a-Glance” boxes that provide quick reference to political institutions. A wealth of recent data is displayed in numerous tables and a glossary gives students a practical guide to terminology.

Law and Economics in Europe and the U S

Author: Alain Marciano
Publisher: Springer
ISBN: 3319474715
Format: PDF, ePub
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This volume traces the evolution of the field of law and economics from its European roots to its neoclassical “Chicagoan” period to its current identity as a more fluid, transatlantic discipline. Paying special attention to the work of German economist Juergen Backhaus, who was instrumental in the reintroduction of the European perspective to the field, this book analyzes this gradual shift in the law and economics debate and provides a state-of-the-art of the literature currently being produced by the field’s most active scholars. Beginning with a discussion of the history of the field and Backhaus’ role in its development, the volume provides a survey of issues central to the current debate such as legal processes in both Europe and the U.S., constitutional political economy, regulatory law, and the ongoing evolution of the European Union. The importance of this volume is two-fold, as it firmly grounds the discipline in history while establishing a future research agenda. This book will be of use to researchers studying law and economics as well as those interested in institutional analysis.

Constitution Public Finance and Transition

Author: Ringa Raudla
Publisher: Peter Lang
ISBN: 9783631599457
Format: PDF
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This book explores the role of constitutions in public finance, with a special focus on transitional context in Central and Eastern Europe. The main questions addressed are: How do formal constitutional provisions that matter for public finance come about? How do constitutions shape policy choices in public finance? Part l of the book puts forth an analytical framework for analysing how fiscal constitutional provisions come about and tests the conjectures with the case of constitution-making in Estonia in 1991-1992. Part II summarises, synthesises and criticises the emerging orthodoxy in positive constitutional public finance and examines whether it can explain the commitment to fiscal discipline in Estonia between 1992 and 2007. Part III examines theoretically and empirically how constitutions can shape public finance laws via constitutional review, auto-limitation and constitutional deliberations.

Accounting Devices and Fiscal Illusions

Author: Timothy Irwin
Publisher: International Monetary Fund
ISBN: 1616353864
Format: PDF, Kindle
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This proposed SDN surveys the various accounting stratagems which governments have used to meet fiscal targets—thereby sidestepping the need for true adjustment—and suggests remedial actions to limit this type of fiscal non-transparency. Types of creative accounting covered includes, for instance, currency swaps to hide a debt build-up (as in Greece in 2001–07), sale and leaseback of government property (for example, in the United States), assumption of long-term pension obligations in exchange for short-term revenue (Argentina, Hungary, and other Eastern European countries), use of public-private partnerships to defer the recognition of investment spending (for instance, Portugal), and reliance on non-cash compensation (such as pension rights) to reduce measured wage bills (in the United States, United Kingdom, etc.) As is evident from the examples given, these fiscal tricks have recently come under increased international scrutiny, highlighting the importance of good fiscal reporting, accounting, and transparency in general, for avoiding unpleasant surprises, ensuring government accountability, and containing fiscal vulnerabilities.

Districting and Government Overspending

Author: Reza Baqir
Publisher: International Monetary Fund
ISBN:
Format: PDF, ePub
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The common-pool problem is a central issue in the relationship between the political structure of jurisdictions and the size of public spending. Models predict that, other things being equal, greater political districting of a jurisdiction raises the scale of government. This paper presents new evidence on this and related predictions from a cross-section of city governments in the United States. The main finding is that one additional legislator is associated, on average, with 3 percent larger expenditures per capita. Evidence also suggests that forms of government with strong executives, particularly those with veto powers, break the link between districting and government size.

Public Budgeting in African Nations

Author: Peter Fuseini Haruna
Publisher: Routledge
ISBN: 1317267540
Format: PDF, ePub, Mobi
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Public Budgeting in African Nations aims to provide usable budgeting and fiscal policy management information to development practitioners interested in improving the performance of governments in the context of good governance. It shares regional and cross-cultural experiences with international audiences and gives reflective attention to comparative budgeting and fiscal policy management. With a promising economic and fiscal forecast, such information is timely for international development practitioners and for scholars and researchers interested in advancing development management. This book adopts an interdisciplinary/pragmatic approach to analyze and present research findings on public budgeting as a sustainable development tool. The central argument is that development practice will benefit from a bottom-up, decentralized approach to budgeting and fiscal policy management, involving national, sub-national, and civil society institutions. From this perspective, a balanced budget should draw from and reflect values and priorities across the full spectrum of social and political life.