TY  - BOOK
AU  - Barta,Zsófia
ED  - Project Muse.
TI  - In the Red : : The Politics of Public Debt Accumulation in Developed Countries / 
SN  - 9780472900923
PY  - 2018///]
CY  - Ann Arbor
PB  - University of Michigan Press
KW  - International economic relations
KW  - fast
KW  - Debts, Public
KW  - POLITICAL SCIENCE
KW  - International Relations
KW  - General
KW  - bisacsh
KW  - Dettes publiques
KW  - Pays industrialises
KW  - Developed countries
KW  - Relations economiques exterieures
KW  - Foreign economic relations
KW  - Electronic books.
KW  - local
N1  - The puzzle of relentlessly and alarmingly growing debt -- Fiscal polarization, international exposure, and sustained debt accumulation -- Evolving social coalitions, intense polarization, and moderate exposure : Italy -- Fiscal discord and accord in open economies : Belgium versus Ireland -- Fiscal discord in closed economies : Greece and Japan -- Variations on three themes : social coalitions, fiscal polarization, and international exposure; Open Access
N2  - Why do rich countries flirt with fiscal disaster? Why did affluent countries - like Belgium, Greece, Italy or Japan - persistently accumulate so much debt between the 1970s and the 2000s, in times of peace and prosperity, that they became vulnerable and exposed themselves to the risk of default? In the past three decades, an extensive scholarly consensus emerged around the view that the answer is fiscal indiscipline, the lack of sufficient concern for budgetary constraints from policy makers as they try to please voters. Zsófia Barta argues that explaining why some countries accumulate substantial amounts of debt for decades hinges on understanding the conditions required to allow policy makers to successfully put into place painful adjustment measures
UR  - https://muse.jhu.edu/book/64081/
ER  -