FISCAL POLITICS EDITORS VITOR GASPAR • SANJEEV GUPTA CARLOS MULAS-GRANADOS INTERNATIONAL MONETARY FUND ©International Monetary Fund. Not for Redistribution © 2017 International Monetary Fund Cataloging-in-Publication Data Joint Bank-Fund Library Names: Gaspar, Vitor. | Gupta, Sanjeev. | Mulas-Granados, Carlos. Title: Fiscal politics / Vitor Gaspar, Sanjeev Gupta, and Carlos Mulas-Granados, editors. Description: Washington, DC : International Monetary Fund, 2017. | Includes bibliographical references and index. Identifiers: ISBN 9781475547900 (paper) Subjects: LCSH: Fiscal policy. | Political science—Economic aspects. Classification: LCC HJ192.5.F576 2017 The views expressed in this book are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 978-1-47554-790-0 (paper) 978-1-47558-956-6 (PDF) 978-1-47558-952-8 (ePub) 978-1-47558-953-5 (Mobipocket) Please send orders to International Monetary Fund, Publication Services P.O. Box 92780, Washington, DC 20090, U.S.A. Tel.: (202) 623-7430 Fax: (202) 623-7201 E-mail:
[email protected] Internet: www.elibrary.imf.org www.imfbookstore.org ©International Monetary Fund. Not for Redistribution Contents Foreword v Acknowledgments vii Contributors ix INTRODUCTION 1 Fiscal Politics ...........................................................................................3 Vitor Gaspar, Sanjeev Gupta, and Carlos Mulas-Granados PART I ELECTIONS, IDEOLOGY, AND POLITICAL FRAGMENTATION 2 Governments and Promised Fiscal Consolidations: Do They