This is a systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in 18 industrial democracies in America, Europe and Asia

While complementing the EMU with the necessary rules mandating budget discipline at domestic level, the fiscal compact inevitably affects the autonomy both of national parliaments and executive powers, as well as the life of millions of European citizens. A culture of financial stability...

"The authors of this book argue that post-war fiscal and monetary policies in the U.S. are prone to more frequent and more destabilizing domestic and international financial crises. So, in the aftermath of the one that erupted in 2008, they propose that now we are sleepwalking into another,...

Seit Anfang der 1970er-Jahre lässt sich eine graduelle Verschärfung der fiskalischen Situation moderner Staaten beobachten. Chronisch gewordene Defizite und eine dramatisch gestiegene Staatsverschuldung sind zu einer beherrschenden Rahmenbedingung wohlfahrtsstaatlicher Politik geworden. Das...