The Political Economy of Fiscal Policy Public Deficits, Volatility, and Growth /

• Main Author: Woo, Jaejoon (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.
• Series: Lecture Notes in Economics and Mathematical Systems, 570
• Subjects: Political science.; Macroeconomics.; Public finance.; Economic policy.; Development economics.; Economic growth.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Policy.; Public Economics.; Development Economics.; Economic Growth.; Political Science.

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...

Table of 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.