Economics and Fiscal Policy

Fiscal policy is the means by which a government adjusts its levels of spending in order to monitor and influence a nation’s economy. When the government decides on the taxes that it collects, the transfer payments it gives out, or the goods and services that it purchases, it is engaging in fiscal policy. The state of fiscal policy is usually summarised by looking at the difference between what the government pays out and what it takes in–that is, the government deficit. Covering a full array of topics in open economy macro and public economics, this book provides a thoroughly up to date information of fiscal policies and growth in the world economy. It reviews recent developments in the world economy; government spending, budget deficits, and differences across international taxation; and economic growth in the world economy. The contents of the book will be highly valuable for researchers, policy-makers, students and professional economists.