Description: Political Economy of Fiscal Policy : Public Deficits, Volatility, And Growth, Paperback by Woo, Jaejoon, ISBN 3540296409, ISBN-13 9783540296409, Brand New, Free P&P in the UK 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.
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Book Title: Political Economy of Fiscal Policy : Public Deficits, Volatility,
Number of Pages: 172 Pages
Language: English
Publication Name: The Political Economy of Fiscal Policy: Public Deficits, Volatility, and Growth
Publisher: Springer-Verlag Berlin AND Heidelberg Gmbh & Co. KG
Publication Year: 2005
Subject: Economics
Item Height: 235 mm
Item Weight: 590 g
Type: Textbook
Author: Jaejoon Woo
Series: Lecture Notes in Economics and Mathematical Systems
Item Width: 155 mm
Format: Paperback
