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dc.titleThe Political Economy of Fiscal Policy: Survey
dc.contributor.authorEslava, Marcela
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageThe Caribbean
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-09-14T00:00:00
dc.date.issue2006-10-01T00:00:00
dc.description.abstractThis paper surveys the recent literature on the political economy of fiscal policy, in particular the accumulation of government debt. The authors examine three possible determinants of fiscal balances: opportunistic behavior by policymakers, heterogeneous fiscal preferences of either voters or politicians, and budget institutions. The focus is on the contributions of the last 10 years and emphasize findings related to developing countries. Included is original empirical evidence along with a recent body of literature on the fiscal preferences of voters, which, interestingly, seems to suggest that voters do not favor high-spending governments.
dc.format.extent35
dc.identifier.doihttp://dx.doi.org/10.18235/0011281
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Political-Economy-of-Fiscal-Policy-Survey.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subject.keywordsfiscal policy, Latin America, fiscal outcomes, fiscal choices
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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