Economics, Politics and Budgets: The Political Economy of by C. Mulas-Granados

By C. Mulas-Granados

Influenced by means of the proliferation of monetary consolidation episodes within the creation of financial Union, this e-book explains the explanations and effects of economic coverage in Europe, utilizing concept and empirical facts from the final 4 many years.

Show description

Read Online or Download Economics, Politics and Budgets: The Political Economy of Fiscal Consolidations in Europe PDF

Best public finance books

Versicherungsmathematik (Springer-Lehrbuch) (German Edition)

Durch die Liberalisierung der Versicherungsmärkte in der Europäischen Union hat die Versicherungsmathematik erheblich an Bedeutung gewonnen. Dies gilt vor allem für die Schadenversicherung, die den Schwerpunkt dieses Buches bildet. Neben den zentralen Themen der Tarifierung und Reservierung wird das individuelle und das kollektive Modell für den Gesamtschaden sowie die Mathematik der Rückversicherung und der Vergleich von Risiken behandelt.

Sustaining Domestic Budget Deficits in Open Economies

Lately the united states economic system has been characterized via burgeoning funds and present account deficits and extending quantities of international capital inflows. For the united kingdom too, the finances deficit continues to be a principal weak spot within the economic climate. within the gentle of those difficulties this publication offers a constant financial framework for analysing the results and implications of huge bond-financed deficits.

Political Economy of Institutions, Democracy and Voting

This booklet offers the most recent study within the box of Political economic system, facing the combination of economics and politics and how associations have an effect on social judgements. The authors are eminent students from the U. S. , Canada, Britain, Spain, Italy, Mexico and the Philippines. a lot of them were encouraged via Nobel laureate Douglass North, who pioneered the recent institutional social sciences, or by means of William H.

A Socially Responsible Islamic Finance: Character and the Common Good

This e-book explores how, via spirituality and the advance of personality, Islamic monetary associations and Muslim groups can combine their companies with modern social accountability tasks to provide confident social and environmental effect. From the looming environmental drawback to the divide among mainstream and extremist interpretations of Islam, the e-book addresses major questions dealing with Muslim groups – and humanity – and demonstrates why Islam may still take a seat ‘at the desk’ with different faiths and moral traditions discussing humanity’s nice stumbling blocks.

Extra resources for Economics, Politics and Budgets: The Political Economy of Fiscal Consolidations in Europe

Sample text

This is so, because coalition governments are made of different parties representing different groups of the electorate that they want to satisfy. Satisfaction of those groups does not necessarily mean direct transfers of money (even though sometimes it is the case), but it will certainly imply the implementation of at least part of the policies contained in their electoral programmes. The higher the number of different policies to be implemented the higher the expenditures generated, and the higher the level of revenues that must be levied to finance those expenditures.

With respect to the composition of the fiscal adjustment, proximity of elections should be associated with a stronger preference among governments not to reduce the most popular items of the budget (like transfers and family allowances), and cutting instead other items if this is necessary for the fiscal adjustment to succeed. Ideology of the party in government Finally, the third political element that may have an effect in the formulation of fiscal policies and fiscal adjustment strategies is the ideology of the party in government.

This aversion to expenditure-based adjustments was weakened during the 1990s, mostly as a consequence of the multiplicity of official campaigns in favour of the single currency. The results from Chapter 7 confirm that politicians are rational when they plan the timing, the duration and the composition of their adjustment strategies, assuming that the electorate will punish them if the adjustment has been made through spending cuts, unless these cuts have generated visible economic growth before elections arrive, in order to compensate for the initial disappointment of voters.

Download PDF sample

Rated 4.94 of 5 – based on 13 votes