<p>At the time in which this book was first published in 1992 there was a major concern with the macro-economic implications of fiscal imbalance. As the European economies moved closer to monetary union and Germany grappled with the fiscal pressures of unification deficits in the United States exceeded $300 billion. In this volume the authors address this issue using both historical case-studies and cross-national comparisons. This book will be of interest to students of economics. </p>
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