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Deficits and Debt

Maurice Wright

in Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199250530
eISBN:
9780191697937
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250530.003.0026
Subject:
Political Science, Political Economy

In 1978, Japan adopted the new System of National Accounts (SNA) which it integrates five major consumption accounts of the national economy, of which the income and outlay accounts for various ... More


Determinants of the Primary Fiscal Balance: Evidence from a Panel of Countries

Li Zeng

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines some stylized facts about the primary fiscal balance, a key determinant of public debt dynamics which, together with the level of the public debt stock and the differential ... More


Reforming The Fiscal Management System in Korea

Youngsun Koh

in Fiscal Policy and Management in East Asia

Published in print:
2007
Published Online:
February 2013
ISBN:
9780226386812
eISBN:
9780226387062
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226387062.003.0010
Subject:
Economics and Finance, South and East Asia

The Korean government has maintained a strong fiscal discipline since the early 1980s, keeping its budget more or less in balance and its debt at low levels. The fiscal balance showed large deficits ... More


Is the Net Fiscal Burden a Good Measure of the Gains from Migration?

Assaf Razin, Efraim Sadka, and Benjarong Suwankiri

in Migration and the Welfare State: Political-Economy Policy Formation

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016100
eISBN:
9780262298377
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016100.003.0008
Subject:
Political Science, Political Economy

The chapter studies whether net fiscal burden is a good indicator of the gains derived from migration. A simplified version of the overlapping-generations model is employed to study the gains from ... More


Current Debt Crisis in Historical Perspective

S. Ali Abbas, Nazim Belhocine, Asmaa El-Ganainy, and Anke Weber

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the ongoing debt crisis in advanced economies in historical perspective, with a view to identifying significant drivers of debt accumulation and subsequent debt reductions. The ... More


Impact of the Crisis on Fiscal Positions

Y.V. Reddy, Narayan Valluri, and Partha Ray

in Financial and Fiscal Policies: Crises and New Realities

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199452651
eISBN:
9780199084524
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199452651.003.0003
Subject:
Economics and Finance, Financial Economics

The impact of the crisis varied across nations depending on the conjuncture of their macroeconomic variables and their fiscal and economic conditions. Thus, not all countries were affected in the ... More


The Crises and the Global Economy

Y.V. Reddy, Narayan Valluri, and Partha Ray

in Financial and Fiscal Policies: Crises and New Realities

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199452651
eISBN:
9780199084524
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199452651.003.0005
Subject:
Economics and Finance, Financial Economics

In the backdrop of economic trends during 2000–6, this chapter gives a synoptic account of the global economic developments during 2007–13. This seven-year period 2007–13 witnessed various crises—the ... More


Current Account Deficits in Industrial Countries: The Bigger They Are, the Harder They Fall?

Caroline Freund and Frank Warnock

in G7 Current Account Imbalances: Sustainability and Adjustment

Published in print:
2007
Published Online:
February 2013
ISBN:
9780226107264
eISBN:
9780226107288
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226107288.003.0005
Subject:
Economics and Finance, Financial Economics

This chapter investigates the episodes of current account adjustment in industrial countries. The data support the claims that the size of the current account deficit and the extent to which it is ... More


Making the Case for Union: Exactly Why Are We Better Together?

Jim Gallagher

in The Scottish Independence Referendum: Constitutional and Political Implications

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198755517
eISBN:
9780191816697
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198755517.003.0006
Subject:
Law, Constitutional and Administrative Law

This chapter sets out the economic, social, and political case for Scotland in the UK. Political union means Scotland’s defence and foreign relations are within a bigger and more influential state. ... More


Spain: Economic Crisis and the Politics of Welfare under Austerity

Ana M. Guillén and Sergio González Begega

in Welfare and the Great Recession: A Comparative Study

Published in print:
2019
Published Online:
February 2019
ISBN:
9780198830962
eISBN:
9780191868917
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198830962.003.0006
Subject:
Economics and Finance, Public and Welfare

Ana M. Guillén and Sergio González Begega address the crisis management strategies of Spain’s long-lasting recession and its associated protracted period of austerity. The Spanish economy enjoyed two ... More


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