ISBN:
9780230501638
Language:
English
Pages:
Online-Ressource (XIV, 316 p, online resource)
Series Statement:
SpringerLink
Series Statement:
Bücher
Series Statement:
Springer eBook Collection
Series Statement:
Palgrave Economics & Finance Collection
Series Statement:
Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
Parallel Title:
Printed edition
Parallel Title:
Erscheint auch als Mulas Granados, Carlos, 1974 - Economics, politics and budgets
Keywords:
Finanzpolitik
;
Haushaltskonsolidierung
;
EU-Staaten
;
Economics
;
Fiscal policy
;
Political economy
;
International relations
;
Macroeconomics
;
International economics
;
Europäische Union
;
Finanzpolitik
;
Öffentlicher Haushalt
;
Konsolidierung
;
Europäische Union
;
Finanzpolitik
;
Öffentlicher Haushalt
;
Konsolidierung
Abstract:
Motivated by the proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe, using theory and empirical evidence from the last four decades
Description / Table of Contents:
Cover; Contents; List of Tables; List of Figures; List of Abbreviations; Acknowledgements; 1 Introduction; 1.1 Strategies of fiscal adjustment; 1.2 Economic and political factors influencing the adoption of different adjustment strategies; 1.3 Economic and political consequences of adopting different adjustment strategies; 1.4 Five questions and hypotheses: a summary of the book's argument; 1.5 The structure of the study; 2 Economics, Politics and Fiscal Policy; 2.1 Governments and economic policy; 2.2 Fiscal policies in the European Union, 1970-2000
Description / Table of Contents:
2.3 The economics of fiscal policies and fiscal adjustments2.4 The politics of fiscal policies and fiscal adjustments; 2.5 The five hypotheses of the book; 2.6 Conclusion; 3 Timing and Duration of Fiscal Adjustments; 3.1 What is a fiscal adjustment?; 3.2 Strategies of fiscal adjustment: timing, duration and composition; 3.3 The timing of fiscal adjustments: the 'fiscal stress hypothesis'; 3.4 The duration of fiscal adjustments: the 'debt burden hypothesis'; 3.5 Economic and political factors during stronger consolidations; 3.6 Conclusion; 4 The Composition of Fiscal Adjustments
Description / Table of Contents:
4.1 Why is composition of the budget important?4.2 Economics, politics and composition of the budget; 4.3 Composition of the budget during fiscal adjustments: the 'partisanship hypothesis'; 4.4 Conclusion; 5 Fiscal Adjustments in the 1990s: Case Studies; 5.1 The Maastricht Treaty and the decision of monetary union; 5.2 Case studies: complying with the Maastricht criteria and the influence of political variables; 5.3 Conclusion; 6 The Economic Consequences of Fiscal Adjustments; 6.1 Fiscal policy and the macroeconomy; 6.2 The 'economic trade-off hypothesis'
Description / Table of Contents:
6.3 The economic impact of fiscal adjustments: means analysis6.4 The economic impact of fiscal adjustments: parametric analysis during the 1990s; 6.5 Conclusion; 7 The Political Consequences of Fiscal Adjustments; 7.1 Economic policy, fiscal adjustments and elections; 7.2 The 'fiscal voting hypothesis'; 7.3 The electoral consequences of fiscal adjustments - estimation results; 7.4 The post-Maastricht period; 7.5 Conclusion; 8 Conclusion; Appendices; Appendix 1: Cyclically Adjusted Budget Balances: The Commission's Method; Appendix 2: Duration Models
Description / Table of Contents:
Appendix 3: The Panel-Corrected Standard Errors TechniqueAppendix 4: The Effect of the Budget Process on Fiscal Policy; Appendix 5: The Economic Impact of Consolidations; Statistical Annex; Statistical Annex 1: Dependent and Independent Variables: Descriptive Statistics; Statistical Annex 2: Data on General Government Balances and Cyclical Corrections: Definitions and Tables; Notes and References; Bibliography; Index
Description / Table of Contents:
Cover; Contents; List of Tables; List of Figures; List of Abbreviations; Acknowledgements; 1 Introduction; 1.1 Strategies of fiscal adjustment; 1.2 Economic and political factors influencing the adoption of different adjustment strategies; 1.3 Economic and political consequences of adopting different adjustment strategies; 1.4 Five questions and hypotheses: a summary of the book's argument; 1.5 The structure of the study; 2 Economics, Politics and Fiscal Policy; 2.1 Governments and economic policy; 2.2 Fiscal policies in the European Union, 1970-2000
Description / Table of Contents:
2.3 The economics of fiscal policies and fiscal adjustments2.4 The politics of fiscal policies and fiscal adjustments; 2.5 The five hypotheses of the book; 2.6 Conclusion; 3 Timing and Duration of Fiscal Adjustments; 3.1 What is a fiscal adjustment?; 3.2 Strategies of fiscal adjustment: timing, duration and composition; 3.3 The timing of fiscal adjustments: the 'fiscal stress hypothesis'; 3.4 The duration of fiscal adjustments: the 'debt burden hypothesis'; 3.5 Economic and political factors during stronger consolidations; 3.6 Conclusion; 4 The Composition of Fiscal Adjustments
Description / Table of Contents:
4.1 Why is composition of the budget important?4.2 Economics, politics and composition of the budget; 4.3 Composition of the budget during fiscal adjustments: the 'partisanship hypothesis'; 4.4 Conclusion; 5 Fiscal Adjustments in the 1990s: Case Studies; 5.1 The Maastricht Treaty and the decision of monetary union; 5.2 Case studies: complying with the Maastricht criteria and the influence of political variables; 5.3 Conclusion; 6 The Economic Consequences of Fiscal Adjustments; 6.1 Fiscal policy and the macroeconomy; 6.2 The 'economic trade-off hypothesis'
Description / Table of Contents:
6.3 The economic impact of fiscal adjustments: means analysis6.4 The economic impact of fiscal adjustments: parametric analysis during the 1990s; 6.5 Conclusion; 7 The Political Consequences of Fiscal Adjustments; 7.1 Economic policy, fiscal adjustments and elections; 7.2 The 'fiscal voting hypothesis'; 7.3 The electoral consequences of fiscal adjustments - estimation results; 7.4 The post-Maastricht period; 7.5 Conclusion; 8 Conclusion; Appendices; Appendix 1: Cyclically Adjusted Budget Balances: The Commission's Method; Appendix 2: Duration Models
Description / Table of Contents:
Appendix 3: The Panel-Corrected Standard Errors TechniqueAppendix 4: The Effect of the Budget Process on Fiscal Policy; Appendix 5: The Economic Impact of Consolidations; Statistical Annex; Statistical Annex 1: Dependent and Independent Variables: Descriptive Statistics; Statistical Annex 2: Data on General Government Balances and Cyclical Corrections: Definitions and Tables; Notes and References; Bibliography; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; Q; R; S; T; U; V; W; Y; Z
Note:
Description based upon print version of record
DOI:
10.1057/9780230501638
URL:
Volltext
(Deutschlandweit zugänglich)
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