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date: 23 October 2017

Summary and Keywords

The topic of fiscal politics includes taxation and spending, budget balances and debt levels, and crises and the politics of austerity. The discussion often focuses on how some variable—such as the international environment, or political institutions—constrains “politics” in this realm. Almost omnipresent concerns about endogeneity run through this research. While this is a “big” policy area that deserves study, tracing causation is difficult.

Keywords: fiscal policy, budget deficits, debts, crises, political institutions, partisanship, globalization, fiscal rules, fiscal institutions

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