Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful international relations and economic growth? The essays in Politics, Institutions, and Fiscal Policy chart answers sought by economists, political scientists, and government officials. This groundbreaking book looks at states within five industrialized federations Canadian provinces, Swiss cantons, Belgian regions, German lander, and American states as case studies of variation in budget balances since 1980. The work s conclusion compares deficit...
Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful interna...
