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When the Party’s Over
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When the Party’s Over: The Politics of Fiscal Squeeze in Perspective

Christopher Hood, David Heald, and Rozana Himaz

Abstract

This book develops a framework for analysing the politics of ‘fiscal squeeze,’ defined as political effort to cut spending and increase taxes to correct the public finances—a theme which has dominated the politics of many of the world’s democracies in the 2010s. The book poses three questions about the politics of fiscal squeeze in democracies, namely what if anything is special about the politics of austerity or retrenchment, whether fiscal squeeze presents credit-claiming opportunities or severe blame-avoidance challenges to elected governments, and whether fiscal squeezes are highly consequ ... More

Keywords: Fiscal squeeze, democracy, politics of austerity, retrenchment, blame avoidance, spending cuts, tax increases, preconditions

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780197265734
Published to British Academy Scholarship Online: May 2015 DOI:10.5871/bacad/9780197265734.001.0001

Authors

Affiliations are at time of print publication.

Christopher Hood, editor
Gladstone Professor of Government, Fellow of All Souls College, Oxford

David Heald, editor
Professor of Accountancy, University of Aberdeen Business School

Rozana Himaz, editor
Lecturer in Economics, Queen’s College Oxford and Post Doctoral Researcher, Department of Politics, Oxford

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Contents

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Part I Introduction

1 The Politics of Fiscal Squeeze

David Heald and Christopher Hood

2 Comparing Fiscal Squeezes Across Nine Country Cases

Rozana Himaz and Christopher Hood

Part II Case Studies

4 The UK Geddes Axe of the 1920s in Perspective

Christopher Hood and Rozana Himaz

7 Repeating History

Niamh Hardiman

8 Fiscal Squeeze in Germany

Martin Lodge and Kai Wegrich

11 Budget Politics in Really Hard Times

Sebastián Dellepiane-Avellaneda

Part III Conclusion

12 Politics In and After Fiscal Squeeze

David Heald, Rozana Himaz and Christopher Hood

End Matter