Democracies and Deficits
Prospects for Fiscal Responsibility in Democratic Nations
Bibliographic Data
| ID | 6263778 |
|---|---|
| Authors | Paul L Posner (George Mason University), Paul Posner, Jón Blöndal, Jón R Blöndal (Organisation de Coopération et de Développement Economiques) |
| Year | 2012 |
| Volume | 25 |
| Issue | 1 |
| Pages | 11-34 |
| Publication date | 2012-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Governance (JOURNAL) |
| Journal identifiers | ISSN: 0952-1895 • E-ISSN: 1468-0491 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0491.2011.01554.x |
| OpenAlex | W1819839757 |
| Language | EN |
| Citations received | 24 |
| References cited | 22 |
The financial crisis had significant implications for the fiscal positions of OECD. As nations seek to cope with the economic contraction, budget deficits and debt have risen to near record postwar levels. As the crisis in Europe and other advanced economies has deepened, fiscal consolidation will have to be coupled, and even preceded, by actions to jump‐start crippled economies. Nonetheless, when fiscal consolidation becomes necessary, nations that procrastinate by waiting for a crisis to provide cover for the politically hard choices will pay a steep price indeed both economically and politically. Many in the academic and policy community have raised questions about whether advanced democracies have the political wherewithal to respond to gathering fiscal pressures through early and timely action. Recent fiscal actions in advanced nations suggest that democracies are not doomed to wait for market shocks and crises. Rather, leaders have shown that fiscal sacrifice can be achieved in ways that promote electability. In this article, we discuss the impetus for democratic fiscal actions and the strategies used to gain public support
Consolidation (business · Debt · Democracy · Economic policy · Economics · Fiscal policy · Fiscal union · Monetary economics · Political economy · Political science · Politics · Fiscal Policies and Political Economy · Law · Local Government Finance and Decentralization · Social Policy and Reform Studies · Finance
Incorporating evidence and politics in health policy
The Impact of Fiscal Crisis on Public Administration in Europe
How Governments Retrench in Crisis
Fiscal Retrenchment in Southern Europe
Learning-Shaping Crises
Powering over Puzzling? Downsizing the Public Sector during the Greek Sovereign Debt Crisis
The Impact of the Fiscal Crisis on Public Administration Reforms
Central Decisions, Decentralized Solutions
Legitimacy gaps, taxpayer conflict, and the politics of austerity in the UK
Budget surplus goal experiments in Australia and Sweden
Be prepared? An outside-in perspective on the future public sector in Europe
Federalism and the politics of fiscal responsibility laws
Leading Reform Amidst Transboundary Crises
Governmental financial resilience under austerity in Austria, England and Italy
Decision-making in time of crisis
Politics of fiscal consolidation in Europe
Savings in public services after the crisis
Public policy and operational alignment in light of public service retrenchment – lessons learned from Canada
Why do some governments resort to ‘creative accounting’ but not others? Fiscal governance in the Brazilian federation
Parties or Portfolio? The Economic Consequences of Africa’s Big Cabinets
The role of public service bargains in cutback management
Austerity and Public Administration
The Struggle to Perform the Political Economy of Creditworthiness
Governing austerity in the United Kingdom
The Logic of Discipline
Economic Politics
The Economic Effects of Constitutions
The Logic of Policy Change after Crisis
The Political Economy of Fiscal Adjustments
Policy change and learning
Veto Players
The Calculus of Consent
Dismantling the Welfare State?
Taxing Choices
How to think about the U.S. budget challenge
Congress, The Electoral Connection
Domestic Budgets in a United Europe
Political responses to interdependence
Political Implications of Budgetary Reform
Budget Process Reform
Budget Theory and Budget Practice
The “Ball of Confusion” in Federal Budgeting
| Unique citing works | 24 |
|---|---|
| Citations per year | 1,85 |
| Citation span | 2013 - 2021 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 23 |