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Public Sector Deficits in OECD Countries: Causes, Consequences and Policy Reaction

In: Public Sector Deficits in OECD Countries

Author

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  • Jean-Claude Chouraqui

Abstract

Most of the OECD Member countries experienced a significant increase in their public sector deficits during the years following the first oil shock of 1973. The measures adopted shortly after, in order to bring these deficits back down to levels comparable to those observed in the past, have been only partially successful and the consequences of the second oil shock, which occurred in 1979, have contributed to aggravate the problem (see Table 1.1).

Suggested Citation

  • Jean-Claude Chouraqui, 1988. "Public Sector Deficits in OECD Countries: Causes, Consequences and Policy Reaction," Palgrave Macmillan Books, in: Henry Cavanna (ed.), Public Sector Deficits in OECD Countries, chapter 1, pages 1-40, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08952-9_1
    DOI: 10.1007/978-1-349-08952-9_1
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    Cited by:

    1. Urszula Kosterna, 1996. "The State of Public Finances in Post-socialist, Central European Economies: a Comparison with the European Union Countries," CASE Network Studies and Analyses 0076, CASE-Center for Social and Economic Research.

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