Lecture Notes in Economics and Mathematical Systems

The Political Economy of Fiscal Policy

Public Deficits, Volatility, and Growth

Authors: Woo, Jaejoon

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About this book

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.

Table of contents (1 chapters)

  • Economic, Political, and Institutional Determinants of Public Deficits

    Pages 77-116

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-540-31417-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.00
price for USA
  • ISBN 978-3-540-29640-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Political Economy of Fiscal Policy
Book Subtitle
Public Deficits, Volatility, and Growth
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
570
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-31417-2
DOI
10.1007/3-540-31417-2
Softcover ISBN
978-3-540-29640-9
Series ISSN
0075-8442
Edition Number
1
Number of Pages
X, 172
Topics