The Political Economy of Fiscal Policy [electronic resource] : Public Deficits, Volatility, and Growth / by Jaejoon Woo.

Author
Woo, Jaejoon [Browse]
Format
Book
Language
English
Εdition
1st ed. 2006.
Published/​Created
Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2006.
Description
1 online resource (178 p.)

Details

Subject(s)
Series
Subseries of
Lecture Notes in Economics and Mathematical Systems
Summary note
One of the most striking macroeconomic developments during the last three decades is the rise and persistence of large fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from recurrent large fiscal imbalances that often reflect lack of fiscal discipline. Why do some countries have recurrent fiscal deficit or volatility problems, while others do not? What factors are most important in explaining cross-country variation in fiscal outcomes? How are they related to growth or inflation? This book presents new, rigorous, theoretical and empirical studies on these fiscal issues, and highlights social polarization as an essential organizing principle in a political economy approach. Also, it discusses how institutional constraints may favourably affect fiscal dynamics in the presence of social polarization.
Notes
Description based upon print version of record.
Bibliographic references
Includes bibliographical references (p. [151]-159) and indexes.
Language note
English
Contents
  • Fiscal Deficit, Fiscal Volatility and Growth: Social Polarization
  • Inflation, Composition of Deficit Finance, and Social Polarization
  • Social Polarization, Industrialization, and Fiscal Instability
  • Economic, Political, and Institutional Determinants of Public Deficits
  • Growth, Income Inequality, and Fiscal Volatility: Empirical Evidence.
ISBN
  • 1-280-46261-2
  • 9786610462612
  • 3-540-31417-2
OCLC
262692564
Doi
  • 10.1007/3-540-31417-2
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