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Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a...
This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural...
This book is a broad survey of the literature on public goods. There has been an explosion of research in the last ten years in a broad variety of - eas in this literature and the time seems right for a survey of this work.This includes the recent work on dynamic...
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