In The Red
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?...
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| Format: | Online |
| Language: | English |
| Published: |
University of Michigan Press
2021
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| Subjects: | |
| Online Access: | OCN: 1013477427 |
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| _version_ | 1869523404185403392 |
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| author | Barta, Zsófia |
| author_browse | Barta, Zsófia |
| author_facet | Barta, Zsófia |
| author_sort | Barta, Zsófia |
| collection | Directory of Open Access Books |
| description | 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. |
| format | Online |
| id | doab-20.500.12854ir-71962 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Michigan Press |
| publisherStr | University of Michigan Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-719622025-08-13T14:11:04Z In The Red Barta, Zsófia Political Science International Relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations 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. 2021-09-24T04:00:46Z 2021-09-24T04:00:46Z 2021-09-23T05:33:37Z 2018 book OCN: 1013477427 https://library.oapen.org/handle/20.500.12657/50673 9780472900923 https://directory.doabooks.org/handle/20.500.12854/71962 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/50673/1/external_content.pdf University of Michigan Press University of Michigan Press b7359529-e5f7-4510-a59f-d7dafa1d4d17 Knowledge Unlatched 9780472900923 Knowledge Unlatched (KU) University of Michigan Press open access |
| spellingShingle | Political Science International Relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations Barta, Zsófia In The Red |
| title | In The Red |
| title_full | In The Red |
| title_fullStr | In The Red |
| title_full_unstemmed | In The Red |
| title_short | In The Red |
| title_sort | in the red |
| topic | Political Science International Relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations |
| topic_facet | Political Science International Relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations |
| url | OCN: 1013477427 |
| work_keys_str_mv | AT bartazsofia inthered |