Hidden Bibliographic Details
| Other authors / contributors: | Strauch, Rolf.
Hagen, Jürgen von.
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| ISBN: | 9780511650284
0511650280
9780511759505
0511759509
9780521138260
0521138264
9780521857468
0521857465
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references (pages 213-226) and index.
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| Summary: | This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union--
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| Other form: | Print version: Hallerberg, Mark. Fiscal governance in Europe. Cambridge ; New York : Cambridge University Press, 2009 9780521857468
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