LIST OF PANELS

Public financial management policies play a crucial role in nowadays economies and operation of governments. The effective management of public finances affects the financial sustainability of government activities and programmes and often dictates formidable constraints to the making of public policies in areas from health to education, from welfare to pensions (Guthrie et al 2005, Allen et al 2013). In addition, the management of public finances provides policy tools such as the use of taxation (and subsidies) to discourage (or encourage) the choices of individuals and firms alike.
 
A decade after the 2008-9 Financial Crisis, many countries in the world still struggle to get their fiscal house in order. Massive public intervention to salvage the financial system resulted in increased amounts of sovereign debt up to levels that most countries had never experienced before. Austerity measures led to cuts of public spending and a renewed attention to enlarging the tax base, tackling profit shifting, and fighting tax evasion (Cangiano et al 2013). Within such environment, citizens and policy advisors call for even more stringent controls on the management of public financial monies (Heald and Hodges 2015, Oulasvirta and Bailey 2016).
 
This paper aims to address the question of what are the reasons and effects of public financial management policies in the various areas of taxation, budgeting and public debt management. The panel will welcome papers that:
 
a) Provide a review and critical appraisal of public financial management policies especially in the aftermath of the 2008-9 Financial Crisis;
b) Explain public financial management policies that have been implemented especially over the last decade, also in comparative perspective;
c) Discuss the role of ideology, domestic politics, international and super-national organisations, and financial markets in the design of public financial management policies;
d) Discuss policy advice and practitioners’ perspectives on contemporary public financial management issues.
 
Papers may be either theoretical or empirical. Theoretical papers may explain features of the public financial management policy process and policy decisions, especially taking into account conditions that arise from the domestic environment, the international environment, and contingent economic and financial situations. Empirical papers may present original studies of public financial management policies, also in comparative perspective.
 
References:
 
Allen, R., Hemming, R., & Potter, B. (Eds.). (2013). The international handbook of public financial management. Springer.
 
Cangiano, M. M., Curristine, M. T. R., & Lazare, M. M. (2013). Public financial management and its emerging architecture. International Monetary Fund.
 
Guthrie, J., Humphrey, C., Jones, L. R., & Olson, O. (Eds.). (2005). International public financial management reform: progress, contradictions, and challenges. IAP.
 
Heald, D., & Hodges, R. (2015). Will “austerity” be a critical juncture in European public sector financial reporting?. Accounting, Auditing & Accountability Journal, 28(6), 993-1015.
 
Oulasvirta, L. O., & Bailey, S. J. (2016). Evolution of EU public sector financial accounting standardisation: critical events that opened the window for attempted policy change. Journal of European Integration, 38(6), 653-669.

The effective management of public finances affects the financial sustainability of government activities and programmes and often dictates formidable constraints to the making of public policies in areas from health to education, from welfare to pensions.
 
A decade after the 2008-9 Financial Crisis, many countries in the world still struggle to get their fiscal house in order. Massive public intervention to salvage the financial system resulted in increased amounts of sovereign debt up to levels that most countries had never experienced before. Austerity measures led to cuts of public spending and a renewed attention to enlarging the tax base, tackling profit shifting, and fighting tax evasion. Within such environment, citizens and policy advisors call for even more stringent controls on the management of public financial monies.
 
This paper aims to address the question of what are the reasons and effects of public financial management policies in the various areas of taxation, budgeting and public debt management. The panel will welcome papers that:
 
a) Provide a review and critical appraisal of public financial management policies especially in the aftermath of the 2008-9 Financial Crisis;
b) Explain public financial management policies that have been implemented especially over the last decade, also in comparative perspective;
c) Discuss the role of ideology, domestic politics, international and super-national organisations, and financial markets in the design of public financial management policies;
d) Discuss policy advice and practitioners’ perspectives on contemporary public financial management issues.
 
Papers may be either theoretical or empirical. Theoretical papers may explain features of the public financial management policy process and policy decisions, especially taking into account conditions that arise from the domestic environment, the international environment, and contingent economic and financial situations. Empirical papers may present original studies of public financial management policies, also in comparative perspective.