Politics, Institutions, and Fiscal Polity Deficits and Surpluses in Federated States

Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful international relations and economic growth? This groundbreaking book looks at states within five industrialized federations_Canadian provinces, Swiss cantons, Belgian regions, German lSnder, and American states_as case studies of variation in budget balances since 1980. The workOs conclusion compares deficit levels between the federations studied. Politics, Institutions, and Fiscal Policy sheds new light on the role of such factors as spending and taxation levels and electoral and partisan cycles within the budget balancing process. Neatly written and theoretically grounded, this volume contributes greatly to our understanding of public finance and public administration.Imbeau, Louis is the author of 'Politics, Institutions, and Fiscal Polity Deficits and Surpluses in Federated States', published 2004 under ISBN 9780739107515 and ISBN 0739107518.