The Political EconomyPolitical economy of Fiscal Reforms

Maksym Ivanyna, Alex Mourmouras and Peter Rangazas
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Maksym Ivanyna: Joint Vienna Institute
Alex Mourmouras: IMF

Chapter Chapter 8 in The Macroeconomics of Corruption, 2021, pp 249-290 from Springer

Abstract: Abstract In this chapter we discuss various proposals to reform government policy and process. The motivation for the reforms is resolving the fiscal crisis discussed in previous chapters. The fiscal crisis is the major issue facing the governments of developed countries during the twenty-first century. The crisis is connected with the important economic phenomena of the century, including aging of the population, slowing of long-run economic growth, and rising wage inequality. Our discussion is focused primarily on the U.S., but most of the discussion applies to the OECD countries generally.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-67557-8_8

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DOI: 10.1007/978-3-030-67557-8_8

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