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Budget Deficits and Debt - A Global Perspective (Hardcover, New)
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Budget Deficits and Debt - A Global Perspective (Hardcover, New)
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This edited collection is a critical evaluation of the impact of
fiscal imbalances on the economy of industrialized and developing
countries as prepared by a diverse group of scholars involved in
advanced research on public finance. Technical issues, economic
consequences and the political economy of budget deficits and
government debt are covered in one succinct volume. The work
provides a balanced presentation of neo-classical views on measures
of government deficits; the budget process and major budgetary
legislation in the United States; and the impact of deficits on
economic activity, exchange rates, inflation, financial markets,
trade balance, and economic growth. It also examines the political
economy of government budgets in the OECD, select developing
economies, and South Africa. From the 1950s to the 1980s, economic
activity and growth were affected by fiscal imbalances and
excessive government activity in many countries. Although many
actors have made retrenchment attempts, economic research has not
resolved the conflicting arguments about the impact of fiscal
imbalances on the global economy. This book provides a balanced
presentation of all major issues related to the impact of fiscal
activity on the economy.
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