Politics, Institutions, and Fiscal Policy

Politics, Institutions, and Fiscal Policy : Deficits and Surpluses in Federated States

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Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful international relations and economic growth? This groundbreaking book looks at states within five industrialized federations-Canadian provinces, Swiss cantons, Belgian regions, German lander, and American states-as case studies of variation in budget balances since 1980. The work's conclusion compares deficit levels between the federations studied. Politics, Institutions, and Fiscal Policy sheds new light on the role of such factors as spending and taxation levels and electoral and partisan cycles within the budget balancing process. Neatly written and theoretically grounded, this volume contributes greatly to our understanding of public finance and public administration.show more

Product details

  • Hardback | 250 pages
  • 152.4 x 231.1 x 22.9mm | 498.96g
  • Lexington Books
  • Lanham, MD, United States
  • English
  • Annotated
  • 0739107518
  • 9780739107515

Review quote

Yielding great insight into the institutional and political context of intergovernmental fiscal policy-making in federations, this volume is compelling reading for anyone interested in the political economy of fiscal decision-making. -- Pierre Salmon, Universite de Bourgogne This volume is a major scholarly contribution that will be of interest to all political economists and to anyone concerned with issues of budget policy and public deficits in a world looking for new forms of federalism. -- Gianluigi Galeotti, Universita di Roma, La Sapienza The empirical studies of the major cases are models of rigour-thorough and careful. In political science, there is never 'the final word' on any topic, but this is as close as it gets. -- Robert Young, University of Western Ontario This is an illuminating and careful study which should appeal to all students of federalism-and indeed of democracy-at work. A must for courses in comparative federalism, comparative politics, political economy, and fiscal studies in general. -- Ian Budge, University of Essexshow more

About Louis M. Imbeau

Louis M. Imbeau is Professor of Political Science at Universite Laval in Quebec. Francois Petry, also, is Professor of Political Science at Universite Laval in Quebec.show more

Table of contents

Chapter 1 The Political-Economy of Public Deficits Chapter 2 Intergovernmental Relationships and Fiscal Policymaking in Federal Countries Chapter 3 Understanding Surpluses and Deficits in the American States, 1961-1997 Chapter 4 The Political-Economy of Budget Deficits in the Canadian Provinces, 1968-2000 Chapter 5 Political and Electoral Cycles, Government Popularity, and Budget Deficits in Canadian Provinces Chapter 6 Towards a Model for Predicting Deficit and Surplus in the Swiss Cantons Chapter 7 Public Deficits in Belgian Regions and Communities: A Tentative Comparison Chapter 8 Public Deficits and Political Budget Cycles: The Case of Western German Lander Chapter 9 Deficits and Surpluses in Federated States: A Pooled Analysisshow more