In the Red : The Politics of Public Debt Accumulation in Developed Countries /

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...

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Bibliographic Details
Main Author: Barta, Zsófia (Author)
Format: Electronic eBook
Language:English
Published: Ann Arbor : University of Michigan Press, [2018]
Series:Book collections on Project MUSE.
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Online Access:Full text available:
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245 1 0 |a In the Red :   |b The Politics of Public Debt Accumulation in Developed Countries /   |c Zsófia Barta. 
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505 0 |a The puzzle of relentlessly and alarmingly growing debt -- Fiscal polarization, international exposure, and sustained debt accumulation -- Evolving social coalitions, intense polarization, and moderate exposure : Italy -- Fiscal discord and accord in open economies : Belgium versus Ireland -- Fiscal discord in closed economies : Greece and Japan -- Variations on three themes : social coalitions, fiscal polarization, and international exposure. 
506 0 |a Open Access  |f Unrestricted online access  |2 star 
520 |a 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. 
546 |a English. 
588 |a Description based on print version record. 
650 7 |a International economic relations.  |2 fast  |0 (OCoLC)fst00976891 
650 7 |a Debts, Public.  |2 fast  |0 (OCoLC)fst00888850 
650 7 |a POLITICAL SCIENCE  |x International Relations  |x General.  |2 bisacsh 
650 6 |a Dettes publiques  |z Pays industrialises. 
650 0 |a Debts, Public  |z Developed countries. 
651 7 |a Developed countries.  |2 fast  |0 (OCoLC)fst01294462 
651 6 |a Pays industrialises  |x Relations economiques exterieures. 
651 0 |a Developed countries  |x Foreign economic relations. 
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