This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the level of government bond yield and the unemployment rate affect that relationship. We use yearly data between 1970 and 2000 for thirty-eight countries, of which half...

"This book examines the present international financial events and institutions, international financial relations, fiscal difficulties and dilemmas, discussions and solutions for potential problems in the postmodern world."