This paper focuses on the management of fiscal deficits and the public debt in the industrial democracies. Given the large deficits in many OECD countries in re

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

Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, ha