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  Permanent Budget Surpluses as a Fiscal Regime

Haffert, L. (2019). Permanent Budget Surpluses as a Fiscal Regime. Socio-Economic Review, 17(4), 1043-1063. doi:10.1093/ser/mwx050.

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Datensatz-Permalink: https://hdl.handle.net/21.11116/0000-0000-BB16-5 Versions-Permalink: https://hdl.handle.net/21.11116/0000-0007-5280-B
Genre: Zeitschriftenartikel

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SER_17_2019_Haffert.pdf (beliebiger Volltext), 519KB
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 Urheber:
Haffert, Lukas1, 2, Autor           
Affiliations:
1International Max Planck Research School on the Social and Political Constitution of the Economy, MPI for the Study of Societies, Max Planck Society, ou_1214550              
2Department of Political Science, University of Zurich, Switzerland, ou_persistent22              

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 Zusammenfassung: This article challenges the focus on budget deficits that permeates the literature on the comparative political economy of fiscal policy. It analyzes countries running budget surpluses and asks why some preserved these surpluses while others did not. Whereas several OECD members recorded surpluses for just a few years, balanced budgets became the norm in Australia, Canada, Denmark, Finland, New Zealand and Sweden in the late 1990s. The article compares both types of countries. Focusing on Canada and Sweden, it argues that a path-dependent shift in the balance of power among competing fiscal policy coalitions explains why surpluses persisted in one group of countries but not in the other. This reconfiguration of fiscal conflict was triggered by a deep fiscal crisis and an ensuing expenditure-led consolidation. It can be interpreted as creating a ‘surplus regime,’ in which fiscal policy became structured around the goals of balancing the budget and cutting taxes.

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Sprache(n): eng - English
 Datum: 2017-10-052017-02-162017-10-212017-11-032019
 Publikationsstatus: Erschienen
 Seiten: -
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: 1. Introduction: budget surpluses in advanced economies
2. Theory: coalitions, fiscal regimes and the persistence of surpluses
3. Empirics: from deficit crisis to surplus regime
4. Conclusion
Acknowledgements
Footnotes
References
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: DOI: 10.1093/ser/mwx050
 Art des Abschluß: -

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Titel: Socio-Economic Review
Genre der Quelle: Zeitschrift
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Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 17 (4) Artikelnummer: - Start- / Endseite: 1043 - 1063 Identifikator: ISSN: 1475-1461
ISSN: 1475-147X