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Fiscal Politics

Fiscal Politics

By Vitor Gaspar, Sanjeev Gupta & Carlos Mulas-Granados Business & Personal Finance 07/04/2017

Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules can offer solutions; and part 3 (4 chapters) discusses how multilevel governance frameworks can help.

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The Fiscal Consequences of Shrinking Populations Benedict J. Clements, Kamil Dybczak, Vitor Gaspar, Sanjeev Gupta & Mauricio Soto
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Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy
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