Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Trimming the Sails: The Comparative Political Economy of Expansionary Fiscal Consolidations
    Trimming the Sails: The Comparative Political Economy of Expansionary Fiscal Consolidations
    Trimming the Sails: The Comparative Political Economy of Expansionary Fiscal Consolidations
    Ebook205 pages5 hours

    Trimming the Sails: The Comparative Political Economy of Expansionary Fiscal Consolidations

    By Istvan Benczes

    ()

    Read preview

    About this ebook

    The book provides a clear, multidisciplinary and systematic analysis of the relatively new concept of the so-called expansionary fiscal consolidations. This concept suggests that fiscal adjustment should not be in trade-off with economic growth if certain conditions are met. But why do only a few countries and only at certain times experience the expansionary effects, while others not at all? The necessary institutional conditions and circumstances have been totally neglected in the literature, or analyzed only partially at best.
    LanguageEnglish
    PublisherCentral European University Press
    Release dateJan 10, 2008
    ISBN9786155211324
    Trimming the Sails: The Comparative Political Economy of Expansionary Fiscal Consolidations
    Author

    Istvan Benczes

    István Benczes is Professor of Political Economy and European Finance, Faculty of Economics, Corvinus University of Budapest.

    Related to Trimming the Sails

    Related ebooks

    Politics For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      A Recovery Plan

      Jan 16, 2021

      Q. What are the three key measures you would like to see in the Union budget that will drive growth, given that the economy is in recession? A. ADITI NAYAR: Prioritisation of capital expenditure, especially projects already identified in the Natio

      16 min read

    • Article

      Capital Measure

      Jun 25, 2020

      Lai Huigang, founder of Xiaoerjie, a fresh food store chain, thanks a recent government policy for his organization’s expansion in May despite the effects of the novel coronavirus. Xiaoerjie opened three new stores in Jiangmen, a city in Guangdong Pr

      5 min read

    • Article

      Reshuffle And Revitalize

      Jul 16, 2020

      German giant Volkswagen has the distinction of being among the first automobile manufacturers to negotiate business with China when a Chinese delegation went to Germany in 1978 after the establishment of bilateral ties to discuss a partnership. Once

      3 min read

    • Article

      Expert Speak

      Jan 16, 2021

      How urgent is the need to recapitalise public sector banks? The RBI’s latest financial stability report has brought out the need to build up capital buffers in the banking sector. Public sector banks will find it difficult to raise capital from the

      1 min read

    • Article

      A Spurt For Economic Revival

      Aug 7, 2020

      south Africa’s fiscal position, with its gross-debt-to-GDP expected to exceed 100% between 2021 and 2022, severely limits the government’s room to drive economic recovery, therefore the current emphasis on an investment-led recovery. To stimulate eco

      3 min read

    • Article

      Viewpoint

      May 8, 2019

      Minister of Economy and Trade Citizens are anticipating a financial and economic collapse of their country, and see it as only a matter of time before it happens. Some government officials are further fueling such an anxious public economic sentiment

      3 min read

    • Article

      Why the Conventional Wisdom about the 2008 Financial Crisis Is Still Wrong: Ten Years Later

      Jul 1, 2020

      By Paul D. Mueller Newcastle upon Tyne, U.K.: Cambridge Scholars, 2019. Pp. viii, 189. $58.99 hardcover. The idea of writing a retrospective account of the financial crisis ten years out is a good one, and Paul Mueller’s book provides a nice overview

      3 min read

    • Article

      No Easy Answer To The Growth Puzzle

      Mar 8, 2024

      Whenever I discuss our productivity problem, people get terrifically animated until the point at which I wonder out loud what the government can do to improve the endogenous growth potential of the economy. Endogenous growth concerns the factors by w

      3 min read

    • Article

      A Transcript Of Reform

      Feb 6, 2020

      Every January, Chinese central state-owned enterprises (SOEs) hold dozens of work conferences to map out plans for the new year. Employee stock ownership, mixed-ownership reform, reshuffling, innovation and reform are the buzzwords at this year’s mee

      4 min read

    • Article

      Fantasy Of The Magic Money Tree

      Mar 25, 2021

      “THERE IS NO SUCH thing as a free lunch.” Or so Milton Friedman assured us in the title of a 1975 collection of his newspaper articles. However, economies are complicated mechanisms and Friedman’s dictum is not entirely true. The state has the undoub

      3 min read

    • Article

      QE: Too Much Of A Good Thing

      Jul 23, 2021

      When the developed world’s central banks resorted to quantitative easing (QE) after the 2008 global financial crisis, most of us were shocked. While QE was not entirely new, the idea of central banks printing money at scale to buy government bonds se

      2 min read

    • Article

      A High Risk Game

      Jul 25, 2020

      A High Risk Game
      4 min read

    • Article

      From The Editor...

      Jun 30, 2023

      From The Editor...
      2 min read

    • Article

      How Infrastructure Borrowing Can Benefit Hong Kong For Decades To Come

      Feb 24, 2024

      Faced with a deficit of more than HK$100 billion (US$12.8 billion) this financial year, the Hong Kong government has proposed issuing bonds to finance large-scale infrastructure projects that could include the Northern Metropolis and land reclamation

      4 min read

    • Article

      Against All Odds

      Jun 17, 2023

      Against All Odds
      4 min read

    • Article

      Are Market-Based Economies More Equitable?

      Sep 1, 2017

      ARE STRONG MARKET-BASED ECONOMIES more socially equitable? My current research looks at whether the strength of market economies — based on factors such as the robustness of capital and labour markets — relates to income equality and life expectancy

      9 min read

    • Article

      Cabinet Reshuffle

      Mar 23, 2023

      Cabinet Reshuffle
      4 min read

    • Article

      Fighting for Prosperity Amid Uncertainties

      Aug 13, 2020

      In coping with the disruptions from the novel coronavirus disease (COVID-19) epidemic and global economic slowdown, China’s leadership has emphasized the need to steer the world’s second-largest economy. It has called for quicker establishment of a n

      3 min read

    Related categories

    Reviews for Trimming the Sails

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Trimming the Sails - Istvan Benczes

      Enjoying the preview?
      Page 1 of 1