The Design of Fiscal Rules and Forms of Governance in European Union Countries
2007/08/14
研討會日期 : 2007-08-14
時間 : 15:00
主講人 : Prof. Jurgen von Hagen
地點 : B棟110室
演講者簡介 : Prof. Jurgen von Hagen為Ph.D. in Economics, University of Bonn（1986）。
目前為Director，Institute of International Economics，University of Bonn, Germany。
其主要研究領域為International and Monetary Macroeconomics and Public Finance。
演講摘要 : This paper uses a new data set on budgetary institutions in Europe to examine the impact of fiscal rules and budget procedures in EU countries on public finances. It briefly describes the main pattern of budgetary institutions and their determinants across the EU 15 member states. Empirical evidence for the time period 1985-2004 suggests that the centralisation of budgeting procedures restrains public debt. In countries with one-party governments or coalition governments where parties are closely aligned and where political competition among them is low, this is achieved by the delegation of decision-making power to the minister of finance. Fiscal contracts that require countries to set multi-year targets and that reinforce those targets increase fiscal discipline in countries with ideologically dispersed coalitions and where parties regularly compete against each other.
