Jump to ContentJump to Main Navigation
When the Party’s OverThe Politics of Fiscal Squeeze in Perspective$
Users without a subscription are not able to see the full content.

Christopher Hood, David Heald, and Rozana Himaz

Print publication date: 2014

Print ISBN-13: 9780197265734

Published to British Academy Scholarship Online: May 2015

DOI: 10.5871/bacad/9780197265734.001.0001

Show Summary Details
Page of

PRINTED FROM BRITISH ACADEMY SCHOLARSHIP ONLINE (www.britishacademy.universitypressscholarship.com). (c) Copyright British Academy, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in BASO for personal use.date: 09 April 2020

Politics In and After Fiscal Squeeze

Politics In and After Fiscal Squeeze

Chapter:
(p.257) 12 Politics In and After Fiscal Squeeze
Source:
When the Party’s Over
Author(s):

David Heald

Rozana Himaz

Christopher Hood

Publisher:
British Academy
DOI:10.5871/bacad/9780197265734.003.0012

This chapter examines what nine cases of fiscal squeeze in different democracies can reveal about the politics of austerity, combining overall quantitative comparisons with a set of qualitative accounts of those nine cases. It argues that fiscal squeeze in democracies is not invariably prompted by economic force majeure, contrary to the view that public spending growth in democracies can only be checked by exogenous forces or constitutional entrenchment. It further argues that there is no standard set of economic and financial preconditions for fiscal adjustment or consolidation, and that while fiscal squeeze often presents blame-avoidance challenges for incumbents, such squeezes do not necessarily produce deep political crisis or political violence. Nor are they invariably marked by major political turning-points or political cross-dressing in the form of ‘Nixon goes to China’ moments. The chapter concludes by reflecting on what policymakers in the next set of fiscal squeezes can and cannot learn from comparative experience.

Keywords:   Fiscal squeeze, public spending growth, democracy, preconditions, political crisis, politics of austerity, constitutional entrenchment, fiscal consolidation, fiscal adjustment, blame avoidance

British Academy Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.