In the Red : The Politics of Public Debt Accumulation in Developed Countries /

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Why do rich countries flirt with fiscal disaster? Why did affluent countries - like Belgium, Greece, Italy or Japan - persistently accumulate so much debt between the 1970s and the 2000s, in times of peace and prosperity, that they became vulnerable and exposed themselves to the risk of default? In...

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Detalles Bibliográficos
Autor principal: Barta, Zsófia (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Ann Arbor : University of Michigan Press, [2018]
Colección:Book collections on Project MUSE.
Temas:
International economic relations.
Debts, Public.
POLITICAL SCIENCE > International Relations > General.
Dettes publiques > Pays industrialises.
Debts, Public > Developed countries.
Developed countries.
Pays industrialises > Relations economiques exterieures.
Developed countries > Foreign economic relations.
Electronic books.
Acceso en línea:Texto completo
Descripción
Sumario:Why do rich countries flirt with fiscal disaster? Why did affluent countries - like Belgium, Greece, Italy or Japan - persistently accumulate so much debt between the 1970s and the 2000s, in times of peace and prosperity, that they became vulnerable and exposed themselves to the risk of default? In the past three decades, an extensive scholarly consensus emerged around the view that the answer is fiscal indiscipline, the lack of sufficient concern for budgetary constraints from policy makers as they try to please voters. Zsófia Barta argues that explaining why some countries accumulate substantial amounts of debt for decades hinges on understanding the conditions required to allow policy makers to successfully put into place painful adjustment measures.
Descripción Física:1 online resource (224 pages): illustrations
ISBN:9780472900923
Acceso:Open Access

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