Corvinus
Corvinus

Budget deficit and the achievement of fiscal equilibrium – institutional approach

Kutasi, Gábor (2007) Budget deficit and the achievement of fiscal equilibrium – institutional approach. Public Finance Quarterly = Pénzügyi Szemle, 52 (1). pp. 37-52.

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Abstract

The study critically summarizes, assesses, and comments on the political institutional theories created by institutional economic theorists about the correlations between the appearance of budget deficit and political decision-making. There is a special section on whether political business cycles make the budget deficit fluctuate, and whether there is large enough force attached to general elections to explain fiscal expansion. Budgetary models and indices that evaluate fiscal efficiency from the point of view of the political institutional structure are examined. At the end, based on experience gathered, the best institutional structure to create fiscal equilibrium is outlined.

Item Type:Article
Subjects:Finance
ID Code:9263
Deposited By: Alexa Horváth
Deposited On:09 Oct 2023 09:24
Last Modified:09 Oct 2023 09:24

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