When the party's over : the politics of fiscal squeeze in perspective / edited by Christopher Hood, David Heald, Rozana Himaz.

Format
Book
Language
English
Published/​Created
  • Oxford : Published for the British Academy by Oxford University Press, 2014.
  • ©2014
Description
xvii, 277 pages : illustrations, charts ; 25 cm.

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    Summary note
    The politics of cutting public spending or raising taxes (or both) has dominated politics in many democracies in recent years. A new era of conflict has developed, with old political alignments being tested and new battles emerging over whose expectations are to be disappointed and who should be blamed for fiscal squeeze. Do parties who cut spending always go down to defeat in elections? Are there 'best practice' cases that every government should follow when it has to cut spending or raise taxes to balance its public finances? Such issues have mainly been analysed from an economic or financial perspective and in the context of recent cases. By contrast, this book focuses on the politics of fiscal squeeze and takes a longer view. It combines quantitative and qualitative analysis to examine cases ranging from the fiscal squeeze in the United States in the 1830s/40s (when half of the states then in the Union defaulted) to the squeeze following the 2001 Argentinian default. It assesses who were the winners and losers, who got the blame and what were the longer-term effects on politics and government. It argues that 'how to do it' approaches to fiscal squeeze in democracies, based on apparently successful cases, often fail to take into account profound differences in circumstances.-- Provided by Publisher.
    Bibliographic references
    Includes bibliographical references and index.
    Contents
    • Part I. Introduction
    • The politics of fiscal squeeze / David Heald and Christopher Hood
    • Comparing fiscal squeezes across nine country cases / Rozana Himaz and Christopher Hood
    • Part II. Case studies
    • Managing fiscal squeeze after the United States' panic of 1837 / Alasdair Roberts
    • The UK Geddes axe of the 1920s in perspective / Christopher Hood and Rozana Himaz
    • Carpe diem! New Zealand's fiscal squeeze, 1990-1993 : economic problems, welfare reform and political consequences / Robert Gregory and Chris Eichbaum
    • Fiscal squeeze in Dutch municipalities in the 1980s : cutback measures and public management reforms / Walter Kickert
    • Repeating history : fiscal squeeze in two recessions in Ireland / Niamh Hardiman
    • Fiscal squeeze in Germany : drifting away from the politics of the switching yard? / Martin Lodge and Kai Wegrich
    • Fiscal squeeze in Sweden, 1990-1997 : the causes, the measures, and their short- and long-run effects / Anders Lindbom
    • A perfect storm in reverse : the 1994-1997 program review in Canada / Donald J. Savoie
    • Budget politics in really hard times : fiscal squeeze during and after Argentina's great depression / Sebastián Dellepiane-Avellaneda
    • Part III. Conclusion
    • Politics in and after fiscal squeeze / David Heald, Rozana Himaz and Christopher Hood.
    Other title(s)
    When the party is over
    ISBN
    • 9780197265734 hardback
    • 0197265731 hardback
    LCCN
    2015301638
    OCLC
    882186530
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