Budget deficits and debt : a global perspective
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Budget deficits and debt : a global perspective
Praeger, 1999
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Includes bibliographies and index
Description and Table of Contents
Description
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.
Table of Contents
Preface Introduction Technical Aspects of Budget Deficits Measures of Budget Deficits and National Debt by Siamack Shojai The Federal Budget Process in the United States by James M. Suarez Major Federal Budget Laws of the United States by James L. Chan A Historical Perspective on the Size of Deficits and Debts in OECD Countries by Anthony D. Apostolides The Economic Consequences of Budget Deficits Budget Deficits and Economic Activity by James R. Barth and John M. Wells Fiscal Imbalances and the Exchange Rates by Siamack Shojai Do Deficits Matter? A Review of the Deficit and Inflation Debate by Sohrab Abizadeh and Mahmood Yousefi Budget Deficits and Financial Markets by Bruce Collins The Twin Deficits: Fiscal Imbalances and Trade Deficits by Hassan Mohammadi and Neil T. Skaggs Economic Growth and Fiscal Imbalances by Siamack Shojai The Political Economy of Deficits The Welfare State and Entitlement: Resisting Retrenchment in the 1990s by Robert C. A. Sorensen Wherefore a Prudent Fiscal Policy? by Herschel I. Grossman The Size, Nature, and Causes of Budget Deficits in Developing Countries by James Alm and Raul A. Barreto The Budget Process and Fiscal Imbalances in South Africa by Ismail Adams Bibliographical Essay: A Selective Guide to Information Sources by John Gormley Index
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