"This comprehensive explanation of the U.S. government's role in economics will be an eye-opener for anyone who wants to understand exactly what the government does--and doesn't do--in this most critical area"--

Motivated by the recent proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe. This book answers three related questions: What explains the timing of fiscal adjustments? What explains their...