Sentences with phrase «of fiscal squeeze»

Christopher Hood, and Rozana Himaz are co-editors (together with David Heald) of the forthcoming book When the Party's Over: The Politics of Fiscal Squeeze in Perspective, due to be published by Oxford University Press for the British Academy later this year.

The same applies to spending cuts in other countries in more recent times, such as Ireland in the late 1980s, or Sweden, Canada, New Zealand and Germany in the 1990s, which we compare in a forthcoming book When the Party's Over: The Politics of Fiscal Squeeze in Perspective.

If the future of fiscal squeeze follows the pattern of the past, we can expect future squeezes to continue to bite harder on the spending than on the revenue element, to be orchestrated and planned within the central administrative apparatus rather than by outside commissions, and for the pain to be spread over longer periods with lower annual falls, rather than in sudden steep cuts.

In spite of how much impassioned talk there has been of austerity on both sides of the party - political divide, the table also suggests that the UK coalition government's overall cutbacks to date have been modest in comparison with the seven earlier episodes of fiscal squeeze shown.

So the table demonstrates that, in historical perspective, Osborne's strategy implemented on top of the cutbacks already made by the current coalition government would be unusual but not unprecedented in the length of the fiscal squeeze it would imply (seven years).

Can governments that copy «good» examples of fiscal squeeze escape punishment at the polls?

Christopher Hood and Rozana Himaz's forthcoming book, A Century of Fiscal Squeeze Politics, will be published by Oxford University Press in the summer of 2017.

A recent conference on the politics of fiscal squeeze explored some these issues and looked at how it has played out in different times and places.

In our analysis, the rarest type of fiscal squeeze is «double hard» when governments reduce public spending and increase tax revenue both in real terms and as a proportion of GDP.

In our analysis of 100 years of fiscal squeezes in the UK, we found that hard revenue or spending squeezes were associated with a 77 to 86 per cent likelihood of the incumbent parties in government losing at the next general election, compared with the 38 to 42 per cent likelihood of losing the next election that was associated with soft revenue and spending squeezes.

Could cases often presented as «poster children» of successful fiscal consolidation (and at those often portrayed as failures or «basket cases») inform us about the politics of those fiscal squeezes?

Another long - term pattern in the historical evolution of fiscal squeezes is that an episode of hard revenue squeeze in order to fund extra public spending has not been experienced in the UK since the mid-1970s.

So what accounts for the apparent disappearance of the hard revenue squeeze from the recent set of fiscal squeezes, and is it a disappearance that is likely to continue or to be reversed in the future?

Not exact matches

Buried in the federal government's recent Update of Economic and Fiscal Projections are figures showing the Harper government is set to squeeze federal government's role to the smallest it has been in seventy years.

In those more recent fiscal squeezes, year - to - year cuts in public spending have been notably less deep than those imposed after both world wars or the «Geddes Axe» cuts initiated by the Conservative - Liberal coalition of the early 1920s.

«Hard» fiscal squeezes (coloured grey) are defined as increases in tax revenue or falls in public spending both in absolute (constant price) terms and relative to GDP (above a defined threshold); «soft» squeezes (light yellow) are revenue rises or spending falls in only one of those ways.

And over that more recent period (again in contrast to earlier episodes) there were no other forms of austerity imposed alongside fiscal squeeze, in the form of general wage caps, exchange controls or tight money policies.

The next fiscal squeeze could be very different from those of the past few decades if it starts with a debt wall more comparable to that of the 1920s and 1930s, when governments» room for fiscal manoeuvre was sharply limited by their predecessors» decision to fund the huge costs of World War I largely by borrowing rather than by taxes.

Based on his experience at the IMF, he commented on the remarkable depth of some of the fiscal squeeze cases discussed in the conference, given the political difficulty of cutting expenditure by more than 1 per cent of GDP per year.

Over the whole century there has only been one emergency government set up specifically to apply fiscal squeeze (the Ramsay MacDonald «National Government» of September 1931).

Even if all of George Osborne's proposals for further cutbacks between 2014 and 2017 were fully implemented, the total percentage point drop in expenditure would rank the current fiscal squeeze in fifth position out of the eight shown in the table.

Mr Osborne's combination of # 32 bn additional spending cuts by 2014 - 15 and an # 8 bn net tax hike amounts to an unprecedented fiscal squeeze, including an extremely severe clampdown on the welfare bill.

«Cuomo's property tax cap will be a central part of his economic plan because he knows we can not get New York's fiscal house in order without holding the line on the spending and tax hikes that squeeze New York families and stifle economic growth.»

The IFS» Paul Johnson concluded that the makeup of the coalition's «fiscal squeeze» has «not been especially growth enhancing».

The governor had to squeeze his visits into the broader drama of the negotiations over the «fiscal cliff,» a moniker that refers to the expiration of Bush tax cuts and $ 1.2 billion in spending cuts if Congress doesn't act to reduce the deficit.

School budgets are also squeezed with an 8 per cent real - terms fall expected by 2020, according to the Institute of Fiscal Studies.

Squeezing the Public School Districts: The Fiscal Effects of Eliminating the Louisiana Scholarship Program