Abstract
In this section we want to sketch a picture of the fiscal behaviour of the industrialized economies. Of course there are many variables one would have to look at in order to derive a detailed picture. Nevertheless, for our purpose it suffices to provide a rough presentation. Our goal is to bring into focus the empirical puzzle that triggered the literature on the political economy of budget deficits and in particular our approach. Hence, we concentrate on some evidence concerning the trends in budget deficits and public debt in the OECD countries since the mid-1960s.
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© 1998 Springer-Verlag Berlin Heidelberg
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de Wolff, J. (1998). The Evolution of Public Debt. In: The Political Economy of Fiscal Decisions. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-58993-5_2
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DOI: https://doi.org/10.1007/978-3-642-58993-5_2
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1130-8
Online ISBN: 978-3-642-58993-5
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