Fiscal Policy and Fractionalization (ePub)
(Sprache: Englisch)
Seminar paper from the year 2004 in the subject Economics - Monetary theory and policy, grade: 2.0 (B), Free University of Berlin (Economics), course: Seminar, language: English, abstract: Political fragmentation is regularly considered to be a relevant...
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Seminar paper from the year 2004 in the subject Economics - Monetary theory and policy, grade: 2.0 (B), Free University of Berlin (Economics), course: Seminar, language: English, abstract: Political fragmentation is regularly considered to be a relevant factor
affecting the outcomes of fiscal policy. It is assumed that a fragmented
fiscal policy process leads to higher expenditures and subsequently in a
higher deficit. But "hard evidence" in support of this hypothesis is rare, and
conclusions can only be drawn very carefully. The present paper gives an
overview of the existing literature on the role of (size) fragmentation and its
effects on fiscal policy outcomes. The main focus is on the work contributed
by Yianos Kontopoulos and Roberto Perotti, who used a panel of 20 OECD
countries over 1960-1995 for their analysis of government fragmentation.
affecting the outcomes of fiscal policy. It is assumed that a fragmented
fiscal policy process leads to higher expenditures and subsequently in a
higher deficit. But "hard evidence" in support of this hypothesis is rare, and
conclusions can only be drawn very carefully. The present paper gives an
overview of the existing literature on the role of (size) fragmentation and its
effects on fiscal policy outcomes. The main focus is on the work contributed
by Yianos Kontopoulos and Roberto Perotti, who used a panel of 20 OECD
countries over 1960-1995 for their analysis of government fragmentation.
Bibliographische Angaben
- Autor: Martin Switaiski
- 2004, 1. Auflage, 16 Seiten, Englisch
- Verlag: GRIN Verlag
- ISBN-10: 3638258408
- ISBN-13: 9783638258401
- Erscheinungsdatum: 02.03.2004
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- Grösse: 0.50 MB
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Sprache:
Englisch
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