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9781403999429

Economics, Politics and Budgets : The Political Economy of Fiscal Consolidations in Europe

by
  • ISBN13:

    9781403999429

  • ISBN10:

    1403999422

  • Format: Hardcover
  • Copyright: 2006-10-17
  • Publisher: Palgrave Macmillan

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Summary

Motivated by the recent proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe. This book answers three related questions: What explains the timing of fiscal adjustments? What explains their different duration and composition? What are the economic and political consequences of having implemented different adjustment strategies?

Author Biography

Carlos Mulas-Granados is Ramon y Cajal Research Fellow in the Applied Economics Department at Complutense University of Madrid.

Table of Contents

Introduction * Economics, Politics and Fiscal Policy * Timing and Duration of Fiscal Adjustments * The Composition of Fiscal Adjustments * Fiscal Adjustments in the Nineties: Case Studies * The Economic Consequences of Fiscal Adjustments * The Political Consequences of Fiscal Adjustments * Conclusion

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