The Political Economy of Fiscal Policy

Name: The Political Economy of Fiscal Policy
Author: Jaejoon Woo

Public Deficits, Volatility, and Growth

Specificaties

Paperback, 172 blz. | Engels

Springer Berlin Heidelberg | 2006e druk, 2005

ISBN13: 9783540296409

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Springer Berlin Heidelberg 2006e druk, 2005 9783540296409

Onderdeel van serie Lecture Notes in Economics and Mathematical Systems

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Samenvatting

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.

Specificaties

ISBN13:9783540296409

Taal:Engels

Bindwijze:paperback

Aantal pagina's:172

Uitgever:Springer Berlin Heidelberg

Druk:2006

Hoofdrubriek:Economie

Serie:Lecture Notes in Economics and Mathematical Systems

Inhoudsopgave

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.