Budget Deficits and Debt

SIAMACK SHOJAI is Associate Professor and former Chairman of the Economics and Finance Department at Manhattan College. He is the author of Oil Markets in the 1980s: A Decade of Decline (Praeger, 1992) and The New Global Oil Markets (Praeger, 1995).

• Preface Introduction Technical Aspects of Budget Deficits Measures of Budget Deficits and National Debt by Siamack Shojai The Federal Budget Process in the United States by James M. Suarez Major Federal Budget Laws of the United States by James L. Chan A Historical Perspective on the Size of Deficits and Debts in OECD Countries by Anthony D. Apostolides The Economic Consequences of Budget Deficits Budget Deficits and Economic Activity by James R. Barth and John M. Wells Fiscal Imbalances and the Exchange Rates by Siamack Shojai Do Deficits Matter? A Review of the Deficit and Inflation Debate by Sohrab Abizadeh and Mahmood Yousefi Budget Deficits and Financial Markets by Bruce Collins The Twin Deficits: Fiscal Imbalances and Trade Deficits by Hassan Mohammadi and Neil T. Skaggs Economic Growth and Fiscal Imbalances by Siamack Shojai The Political Economy of Deficits The Welfare State and Entitlement: Resisting Retrenchment in the 1990s by Robert C. A. Sorensen Wherefore a Prudent Fiscal Policy? by Herschel I. Grossman The Size, Nature, and Causes of Budget Deficits in Developing Countries by James Alm and Raul A. Barreto The Budget Process and Fiscal Imbalances in South Africa by Ismail Adams Bibliographical Essay: A Selective Guide to Information Sources by John Gormley Index