Budget Deficits And Debt: A Global Perspective (complex Coding Systems; 3) [Hardcover]

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.

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 Jaml³+