At the time in which this book was first published in 1992, there
was a major concern with the macro-economic implications of fiscal
imbalance. As the European economies moved closer to monetary
union, and Germany grappled with the fiscal pressures of
unification, deficits in the United States exceeded $300 billion.
In this volume the authors address this issue, using both
historical case-studies and cross-national comparisons. This book
will be of interest to students of economics.
General
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