Structure and coherence in the political economy of public finance by. We adopt a unified approach in portraying public policy as the equilibrium outcome of an explicitly specified political process. Political economics and public finance association of swedish. A large and rapidly growing literature in political economics attempts to answer these questions.
It notes the relative lack of attention to political economy issues in public finance, at least in comparison with other policyoriented subfields in economics. In public finance and public management such evaluations are mainly based on the welfare theory and public choice literature mueller 2003, sobel 2004, which refer to an economic. This dissertation consists of three research articles in political economy and public finance. The role of political economy in the theory and practice of public economics edited by stanley l. But so far there is little consensus on the answers and. Observed fiscal policy varies greatly across time and countries. This paper surveys the recent literature that has tried to answer this question. Political economics and public finance by guido tabellini. In the postwar period, a splintering of approaches has taken place, suffi ciently so that it is meaningful to distinguish between the old public finance and the new, recognizing that new is not a synonym for better. Handbook of public economics vol 3, pages 11091784.
It is about the revenue, expenditure and debt operations of the government and the. How can we explain this variation across time and countries. The political economy of public finance edited by marc buggeln. Political economics and public finance torsten persson, guido tabellini. Political economics and public finance sciencedirect. Public finance and public policy a political economy perspective on the responsibilities and limitations of government. What is the role of alternative political constitutions and collective choice. Three principles that public finance is based on are. It is a study of income and expenditure of central.