Abstract
In the 1980s, most industrialized countries have experienced large fiscal deficits and rapidly growing public debt. These events are likely to leave a legacy of tight government budget constraints to future fiscal administrations for many years to come.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Alesina, A. and G. Tabellini (1987). “A Positive Theory of Budget Deficits and Government Debt in a Democracy.” NBER Working Paper.
Banker Research Unit (1980). Banking Structures and Sources of Finance in the Far East. Financial Times Business Publishing.
Bryant, J. and N. Wallace (1979). “The Inefficiency of Interest Bearing National Debt.” Journal of Political Economy (April).
Cargill, T.F. (1986). “Financial Reform in the United States and Japan: A Comparative Overview.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Cargill, T.F., H.S. Cheng, and M.M. Hutchison (1986). “Financial Market Changes and Regulatory Reforms in Pacific Basin Countries: An Overview.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Cargill, T.F. and S. Royama (forthcoming). The Transition of Finance in Japan and the United States: A Comparative Perspective. Hoover Insitution Press.
Carron, A.S. (1986). “Financial Reform in Australia and New Zealand.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Cheng, H.S.(1986). Financial Policy and Reform in Pacific Basin Countries, ed. Lexington, Mass.: Lexington Books.
Cheng, H.S. (1983). “Financial Reform in Australia and New Zealand.” Federal Reserve Bank of San Francisco Economic Review 1 (Winter).
Dean, R.S. (1972). “Papers on Monetary Policy, Credit Creation, Economic Objectives and the Reserve Bank.” Research Paper, Reserve Bank of New Zealand.
Dean, R.S. (1986). “Financial Sector Policy Reform: The Case of New Zealand.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Fair, D. (1980). “Relationships Between Central Banks and Government in the Determination of Monetary Policy.” SUERF Working Paper.
Hutchison, M.M. (1986). “Financial Effects of Budget Deficits in the Pacific Basin.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Mittra, S. (1978). Central Bank versus Treasury: An International Study. University Press of Austria.
Nicholl, P.W.E. (1977). “New Zealand Monetary Policy in the 1970s: Analysis and Perspective.” Research Paper, Reserve Bank of New Zealand.
OECD (1982). Budget Financing and Monetary Control. Monetary Studies Series, Paris.
OECD (1983). Government Debt Management: Debt Instruments and Selling Techniques, Committee on Financial Markets.
OECD(1981–1986). Financial Market Trends, Paris.
OECD (1986). Canada, Economic Surveys Series (March), Paris.
OECD (1986). Japan, Economic Surveys Series (November).
OECD (1986). United States, Economic Surveys Series (November).
OECD (1987). Australia, Economic Surveys Series (March), Paris.
OECD (1987). New Zealand, Economic Surveys Series (May).
Parkin, M. (1986). “Domestic Monetary Institutions and Deficits.” In Deficits, edited by J. Buchanan, C. Rowley and R. Tollison. Oxford, England: Basil Blackwell.
Persson, T. and L. Svensson (1987). “Checks and Balances on the Government Budget.” Mimeo, University of Rochester.
Pigott, C. (1983). “Financial Reform in Japan.” Federal Reserve Bank of San Francisco Economic Review 1 (Winter).
Phillips, M.J. (1986). “Financial Reform: The Australian Experience.” In Financial Policy and Reform in Pacific Basin Countries, edited by Hang-Sheng Cheng. Lexington, Mass.: Lexington Books.
Protopapadakis, A. and J. Siegel (1986). “Is Money Growth and Inflation Related to Government Deficits? Evidence from Ten Industrialized Economies.” Working Paper No. 86–11, University of Pennsylvania, The Wharton School.
Sargent, T. and N. Wallace (1981). “Some Unpleasant Monetarist Arithmetics.” Federal Reserve Bank of Minneapolis Quarterly Review.
Skanland, H. (1984). The Central Banks and Political Authorities in Some Industrial Countries. Oslo: Norges Banks.
Skully, M. T. (1985). Financial Institutions and Markets in the Southwest Pacific. London, England: The McMillan Press.
Tabellini, G. (forthcoming). “Monetary and Fiscal Policy Coordination with a High Public Debt.” In Surviving with a High Public Debt: Lessons from the Italian Experience, edited by F-Giavazzi and L. Spaventa. Cambridge, England: Cambridge University Press.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1988 Kluwer Academic Publishers
About this chapter
Cite this chapter
Masciandaro, D., Tabellini, G. (1988). Monetary Regimes and Fiscal Deficits: A Comparative Analysis. In: Cheng, HS. (eds) Monetary Policy in Pacific Basin Countries. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2685-1_6
Download citation
DOI: https://doi.org/10.1007/978-94-009-2685-1_6
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7711-8
Online ISBN: 978-94-009-2685-1
eBook Packages: Springer Book Archive