This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income...

"Sovereign debt default is an often catastrophic form of economic crisis that can affect the entire global economy. The IMF predicts that, in the coming years, over 50 countries are at risk of default. Yet, we understand little about the political determinants of this decision to renege on...

Einleitung -- Öffentliche Verschuldung in der ökonomischen Theorie -- Herausforderungen der Schuldenbremse -- Identifikation der Bewertungskriterien -- Länderspezifische juristische Interpretation und Bewertung der Umsetzungskriterien und deren Attribute -- Entscheidungstheoretische Bewertung...