This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two q

This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance:

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economi

The book represents an attempt to test the applicability of this hypothesis, through a comparative study of the fiscal policy and decision-making process of six

At the time in which this book was first published in 1992, there was a major concern with the macro-economic implications of fiscal imbalance. As the European