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Political Power, Fiscal Institutions and Budgetary Outcomes in Central and Eastern Europe

  • This paper considers the effects of fiscal governance in Central and East European countries 1998-2008. The first part makes predictions about which form of fiscal governance fits which form of government. Under multi-party coalition governments, fiscal contracts where governments make political commitments to multi-annual fiscal plans work well. In countries where two political blocks face off against one another, delegation based around a strong finance ministry should be most effective. The second part examines electoral and party systems, which affect the form of government in place. The third part documents norms, rules, and institutions in place. The final section considers the joint effects of fiscal governance on fiscal outcomes. On balance, the underlying political climate is crucial for determining what types of fiscal norms, institutions, and rules function best. The more countries diverge from their expected form of fiscal governance, the greater the increase in a country’s debt burden.

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Metadaten
Document Type:Article
Language:English
Author(s):Mark HallerbergORCiD, Sami Yläoutinen
Parent Title (English):Journal of Public Policy
ISSN:0143-814X
Publication year:2010
First Page:45
Last Page:62
DOI:https://doi.org/10.1017/S0143814X09990213
Release Date:2014/06/02
Tag:Budgetary procedures; Fiscal rules; Public finances
Volume:30
Issue:1
Notes:
Available as ejournal in your Hertie Library.

Als elektronische Zeitschrift in der Hertie Bibliothek verfügbar.
Hertie School Research:Political Economy | Cluster
Licence of document (German):Metadaten / metadata
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