In this Book

summary
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.

Table of Contents

  1. Cover
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  1. Series Info, Title Page, Copyright, Dedication
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  1. Contents
  2. pp. vii-viii
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  1. List of Illustrations
  2. pp. ix-x
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  1. List of Abbreviations
  2. pp. xi-xii
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  1. Acknowledgments
  2. pp. xiii-xiv
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  1. One. The Puzzle of Relentlessly and Alarmingly Growing Debt
  2. pp. 1-29
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  1. Two. Fiscal Polarization, International Exposure, and Sustained Debt Accumulation
  2. pp. 30-59
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  1. Three. Evolving Social Coalitions, Intense Polarization, and Moderate Exposure: Italy
  2. pp. 60-84
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  1. Four. Fiscal Discord and Accord in Open Economies: Belgium versus Ireland
  2. pp. 85-112
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  1. Five. Fiscal Discord in Closed Economies: Greece and Japan
  2. pp. 113-149
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  1. Six. Variations on Three Themes: Social Coalitions, Fiscal Polarization, and International Exposure
  2. pp. 150-178
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  1. Notes
  2. pp. 179-188
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  1. References
  2. pp. 189-199
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  1. Index
  2. pp. 200-210
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Additional Information

ISBN
9780472900923
Related ISBN
9780472130641
MARC Record
OCLC
1013477427
Pages
224
Launched on MUSE
2019-08-02
Language
English
Open Access
Yes
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