Details

Subject(s)

• Macroeconomics [Browse]
• Economic policy [Browse]
• Public finance [Browse]
• Development economics [Browse]
• Economic growth [Browse]
• Political science [Browse]

Series

• Lecture Notes in Economics and Mathematical Systems, 570 [More in this series]
• Lecture Notes in Economics and Mathematical Systems, 0075-8442 ; 570 [More in this 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.

Show 2 more Contents items

ISBN

• 1-280-46261-2
• 9786610462612
• 3-540-31417-2

OCLC

262692564

Doi

• 10.1007/3-540-31417-2

Statement on language in description

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