Trimming the Sails : : The Comparative Political Economy of Expansionary Fiscal Consolidations / / Istvan Benczes.

• Superior document: Title is part of eBook package: De Gruyter Central European University Press eBook-Package 2013-1998
• VerfasserIn: Benczes, Istvan,
• Place / Publishing House: Budapest ;, New York : : Central European University Press, , [2022]; ©2008
• Year of Publication: 2022
• Language: English
• Physical Description: 1 online resource (270 p.)

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.

Table of Contents

Frontmatter -- Contents -- List of Figures -- List of Tables -- Acknowledgements -- 1. Introduction -- Part One. A Critical Assessment of the Concept of Non-Keynesian Effects -- 2. Stylized Facts of EU Countries’ Major Fiscal Episodes -- 3. An Expectational View of Fiscal Policy: A Non-Linear Approach to Fiscal Consolidation -- 4. The Composition of Adjustment and the Structure of Labor Markets: A Linear Approach to Fiscal Consolidation -- Part Two. Testing the Institutional Conditions of Non-Keynesian Effects in Hungary -- 5. Financial Intermediation in Hungary: A Comparative Perspective -- 6. The Expenditure Side of the Hungarian General Government: A Decompositional Analysis -- 7. Labor Market Structure and Wage Bargaining in Hungary: The (Ir)relevance of a Social Pact -- 8. Conclusion -- References -- Appendix 1 -- Appendix 2 -- Appendix 3 -- Index