Fiscal Governance in Europe (English, Mark Hallerberg | Rolf Rainer Strauch | Jurgen Von Hagen)
by Mark Hallerberg | Rolf Rainer Strauch | Jurgen Von Hagen
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About the Book
This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the…
ISBN: 9780521857468
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