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This book examines the political and economic factors influencing fiscal consolidation strategies in European Union countries over the past four decades. It analyzes how domestic economic cycles, debt burdens, government fragmentation, electoral timing, and political ideologies have shaped decisions regarding the timing, duration, and composition of fiscal adjustments. Through theoretical frameworks and empirical evidence, the author provides insights into the causes and consequences of fiscal policies in the context of European integration and the Stability and Growth Pact.
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Publisher: Palgrave Macmillan
Publishing Year: 2006
ISBN: 978-1-4039-9942-9
Pages: 316