Politics and efficiency of separating capital and ordinary government budgets by Marco Bassetto

Cover of: Politics and efficiency of separating capital and ordinary government budgets | Marco Bassetto

Published by National Bureau of Economic Research in Cambridge, MA .

Written in English

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Places:

  • United States

Subjects:

  • Finance, Public -- United States -- Econometric models.,
  • Capital -- United States -- Econometric models.

Edition Notes

Book details

StatementMarco Bassetto with Thomas J. Sargent.
SeriesNBER working paper series ;, working paper 11030, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11030.
ContributionsSargent, Thomas J., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3476643M
LC Control Number2005616172

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Politics and Efficiency of Separating Capital and Ordinary Government Budgets Marco Bassetto, Thomas Sargent. NBER Working Paper No. Issued in JanuaryRevised in May NBER Program(s):Economic Fluctuations and Growth Program. "Politics and Efficiency of Separating Capital and Ordinary Government Budgets," Meeting Papers 3, Society for Economic Dynamics.

Marco Bassetto & Thomas J. Sargent, "Politics and efficiency of separating capital and ordinary Government budgets," Working Paper Series WP, Federal Reserve Bank of Chicago.

"Politics and efficiency of separating capital and ordinary Government budgets," Working Paper Series WP, Federal Reserve Bank of Chicago.

Thomas J. Sargent & Marco Bassetto, "Politics and Efficiency of Separating Capital and Ordinary Government Budgets," Meeting Papers 3, Society for Economic Dynamics.

Get this from a library. Politics and efficiency of separating capital and ordinary government budgets. [Marco Bassetto; Thomas J Sargent; National Bureau of Economic Research.] -- "We analyze the democratic politics of a rule that separates capital and ordinary account budgets and allows the government to issue debt to finance capital items only.

Politics and Efficiency of Separating Capital and Ordinary Government Budgets Marco Bassetto and Thomas J. Sargent NBER Working Paper No.

JanuaryRevised May JEL No. E6, H6, H7 ABSTRACT We analyze the democratic politics of a. Politics and Efficiency of Separating Capital and Ordinary Government Budgets By Marco Bassetto, Thomas J.

Sargent We analyze the democratic politics and competitive economics of a ‘golden rule’ that separates capital and ordinary account budgets and allows a government to.

Politics is the process of deciding who gets what, when and how. The budget process goes to the heart of political questions, as government officials decide who gets how much funding for which programs and how these initiatives are funded. UK politics Education Society Science Tech Economic slowdown and spiralling cost of student loans will force government to break its deficit rule About 3, results for Politics + Budget.

This research is used to analyze the capital budget process through a local government perspective, using interviews and analysis with the Village of Spring Lake, Michigan and the current village manager, while also reviewing research in the field regarding local.

Nov 23,  · Open Library is an initiative of the Internet Archive, a (c)(3) non-profit, building a digital library of Internet sites and other cultural artifacts in digital brokenrranch.com projects include the Wayback Machine, brokenrranch.com and brokenrranch.com In Public Administration: Concepts and Cases, Professor Emeritus Irene Rubin analyzed five concepts of the politics of government budgeting.

These include reformism, incrementalism, interest group determinism, process and policymaking. First, the reformist posits that budgetary decisions should be based on efficiency as opposed to politics. Marco Bassetto joined the Federal Reserve Bank of Minneapolis as a senior research economist in Formerly, he was a senior economist and research advisor in the Economic Research Department at the Federal Reserve Bank of Chicago.

Start studying Chapter "The Budget: The Politics of Taxing and Spending" Vocabulary and Notes. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Budgeting is both an important and a unique arena of politics.

It is impor - tant because of the specific policy decisions it reflects: decisions about the scope of government, the distribution of wealth, the openness of government to interest groups, and the accountability of government to the public at large. Budgetary Politics in American Governments [James J.

Gosling] on brokenrranch.com *FREE* shipping on qualifying offers. The public budgeting process intensifies political competition at all levels of the U.S. federal system. Gosling clearly explains the intergovernmental dynamics of the actors/5(3). CBO released a new report this morning, prepared at the request of the Chairman of the House Committee on the Budget, analyzing the advantages and disadvantages of adopting a capital budget at the federal level.

In addition, I am testifying on infrastructure spending this morning before a joint hearing of the House Committee on the Budget and the Committee on Transportation and Infrastructure. Balanced Budgets and American Politics [James D. Savage] on brokenrranch.com *FREE* shipping on qualifying offers.

Winner of the Harold D. Lasswell Award from the American Political Science Association. A Choice Outstanding Academic Book for The ideology of a balanced federal budget has maintained a remarkable hold over American brokenrranch.com by: We analyze the democratic politics of a rule that separates capital and ordinary account budgets and allows the government to issue debt to finance capital items only.

Many national governments followed this rule in the 18th and 19th centuries and most U.S. states do today. Learn federal budget politics us government with free interactive flashcards.

Choose from different sets of federal budget politics us government flashcards on Quizlet. Definition: Capital Budget consists of capital receipts and brokenrranch.com also incorporates transactions in the Public Account.

Description: Capital receipts are loans raised by the government from the public (which are called market loans), borrowings by the government from the Reserve Bank and other parties through sale of treasury bills, loans received from foreign bodies and governments, and.

Capital budgets cover five or six years and may be updated on an annual basis. The challenge is balancing which investments need to be made with how much debt a local government can afford to pay.

The annual debt payments (also called “debt service”) are included in the annual operating budget. When the third edition to The Politics of Public Budgeting was being prepared, the White House and congressional leaders had just failed, dramatically, to come to agreement on how to balance the federal budget.

Without a budget agreement, the federal government had closed down, and much to the amazement of the Republicans, the public was not only aggravated by the shutdown, but blamed the. A Review of Capital Budgeting Practices Politics and Efficiency of Separating Capital and Ordinary Government Budgets We analyze a “golden rule” that separates capital and ordinary.

It explains how capital projects at the federal level are budgeted for on a cash-basis, as is the case for all spending in the unified budget, and why this matters. Specifically, it will consider how well this budgetary treatment leads to an efficient allocation of capital spending, government accountability, and.

Marco Bassetto's research while affiliated with Federal Reserve Bank of Chicago and Politics and Efficiency of Separating Capital and Ordinary Government Budgets Capital and Ordinary. spending budgets that are enacted into law (Buiter ).

The process of developing revenue projections "has a heavy influence on budget execution" in which forecasts can, at times, restrict current and future disbursements (Hale and Douglassp.

From this perspective, revenue forecasts direct the "entire state government policy. The ever-changing dynamics of global politics can wreak havoc on economic conditions, turning what were once solid investments into financial disasters.

As a result, multinational corporations (MNCs) must identify and mitigate political risks to avoid losses. Capital budgeting is about more than just calculations. Budgetary Politics in American Governments, unlike most public budgeting texts, takes a comparative approach to the subject of public budgeting, examining budgetary politics at the federal, state, and local government levels.

Students are introduced to the budgetary decision making process, taxation, spending, budget execution and financial management as well as the budget process at each. The effects of a government's budget on society and the political economy are of considerable concern to economists as well as to consumers and taxpayers.

The original contributions in this book analyze all of the budget's components expenditures, revenues, the deficit - with a special emphasis on issues that have assumed increasing importance over the last decade or so, such as.

If Indiana Gov. Mitch Daniels ’71 decides to seek the Republican presidential nomination next year — and he remains coy about his intentions — he would have to win over crowds like the one that packed the ballroom of the American Conserva­tive Union in February.

The crucial role of politics in economic decision making was also acknowledged by the leading American political scientist Harold Laswell when he said that politics is “the matter of who gets what, when and how”. We delve deeper into the political economy of fiscal policy in a recent IMF book, “Fiscal Politics”.

Mar 05,  · The example was deliberately extreme as an illustration. But, in the real world, the same general pattern can be seen in local, state and national government responses to budget cuts.

Oct 10,  · Public budgeting is inherently political. In The Politics of Public Budgeting, author Irene S. Rubin lays out the actors involved–interest groups, public officials, legislators, and the public–and shines a light on how these groups, who each have their own goals, are able to.

Economic Dynamics Newsletter Volume 10, Issue 2 (April ) The EconomicDynamics Newsletter is a free supplement to the Review of Economic Dynamics (RED). It is published twice a year in April and November.

In this issue Marco Bassetto on the Quantitative Evaluation of Fiscal. Introduction to Budgets. the main components of a budget are operating budgets for revenues and expenses, capital expenditures budget, cash budget, and finally the budgeted financial statements, which include the income statement, balance sheet, and cash flow statement.

Removing #book# from your Reading List will also remove any. Here, she explores "tyhe politics of public budgeting." The book considerts such subjects as the political side of public budgets, the politics of revenues (e.g., raising taxes, changing the budget process and what is involved there, expenditures, efforts at balancing the budget, adopting budgets and implementing them, and a return to the /5.

A skillful balance of application and theory, Budgeting: Politics and Power, Second Edition, is a comprehensive yet highly accessible introduction to the politics of budgeting. Unlike other texts on the subject--which typically focus only on budgeting issues at the federal level--this book emphasizes budgeting at the state and local levels in order to translate budgetary politics in a way that.

were to rise over time, then the hurdle rate for capital budgeting pur- poses would have to be adjusted upward. This NEER approach to capital budgeting is advocated by Fama and French ().

Fama and French couch the predictive content of the book-to-market ratio and other variables in a linear multifactor. All levels of government—federal, state, and local—have budgets that show how much revenue the government expects to receive in taxes and other income and how the government plans to spend it.

Budgets, however, can shift dramatically within a few years, as policy decisions and unexpected events shake up earlier tax and spending plans. GAO: (1) discussed the usefulness of the capital budgeting concept in federal budgetary decisionmaking; and (2) explained its capital budgeting proposal approach for improving the budget structure.

GAO noted that, although the federal government's use of a unified cash-based budget provides a comprehensive report of its cash receipts and outlays, it does not systematically distinguish between.

Politics in the USA M.J.C. Vile’s classic introductory text, Politics in the USA, has now been thor-oughly revised and updated to take account of the considerable developments in American politics over the last ten years.

The book provides students with an essential background to the history.Mar 17,  · Full text: the Budget statement (part 2) this Government holds firm to the belief that sustained investment is necessary to sustain world class public services.

the overall capital Author: Guardian Staff.Peggy Kerns directs the Center for Ethics in Government at NCSL. The authors of “Budgeting: Politics and Power” used material from the National Conference of State Legislatures and consulted with Kerns for the case study described in Chapter 6, "Spending Public Resources." BooK reVIeW.

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