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The Political Economy of Fiscal Reforms

In: The Macroeconomics of Corruption

Author

Listed:
  • Maksym Ivanyna

    (Joint Vienna Institute)

  • Alex Mourmouras
  • Peter Rangazas

    (IUPUI Economics)

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.

Suggested Citation

  • Maksym Ivanyna & Alex Mourmouras & Peter Rangazas, 2018. "The Political Economy of Fiscal Reforms," Springer Texts in Business and Economics, in: The Macroeconomics of Corruption, chapter 7, pages 227-265, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-68666-0_7
    DOI: 10.1007/978-3-319-68666-0_7
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