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Democracy and Deficits

Dóra Győrffy

Democracy and Deficits

The New Political Economy of Fiscal Management Reforms in the European Union

The persistence of fiscal imbalances in advanced and emerging economies alike belies the

expectations of early globalization theorists about a worldwide convergence of macroeconomic policies. Using a political economy perspective the book aims to identify the main factors, which are responsible for this lasting divergence. Based on qualitative and quantitative evidence from the European Union with case studies on Hungary and Sweden, it finds that the level of public trust in the political system and the capacity of the elite for consensus critically affect nation- states' prospects for fiscal sustainability.

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  • Number of pages: 236
  • Size: A5
  • Type of Cover: kartonalt
  • ISBN: 978 963 05 8469 2
  • Publication date: 2007
Retail Price: € 35 Discount Offer: € 28
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