The Politics of Fiscal Responsibility: A Comparative Perspective By Thornton, Tonya E. and F. StevensRedburn, Washington, DC: Westphalia Press. 2021. 166 pp. $22.50. ISBN‐13: 978‐1637238073

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Public Budgeting & FinanceEarly View BOOK REVIEW The Politics of Fiscal Responsibility: A Comparative Perspective By Thornton, Tonya E. and F. Stevens Redburn, Washington, DC: Westphalia Press. 2021. 166 pp. $22.50. ISBN-13: 978-1637238073 James W. Douglas, Corresponding Author James W. Douglas [email protected] orcid.org/0000-0003-3804-1337 University of North Carolina at Charlotte, Political Science & Public Administration, Charlotte, North Carolina, USA Correspondence James W. Douglas, University of North Carolina at Charlotte, Political Science & Public Administration, 9201 University City Blvd., Charlotte, NC 28223-0001, USA. Email: [email protected]Search for more papers by this author James W. Douglas, Corresponding Author James W. Douglas [email protected] orcid.org/0000-0003-3804-1337 University of North Carolina at Charlotte, Political Science & Public Administration, Charlotte, North Carolina, USA Correspondence James W. Douglas, University of North Carolina at Charlotte, Political Science & Public Administration, 9201 University City Blvd., Charlotte, NC 28223-0001, USA. Email: [email protected]Search for more papers by this author First published: 23 June 2023 https://doi.org/10.1111/pbaf.12343Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL REFERENCES Akram, Tanweer, and Anupam Das. 2014. “Understanding the Low Yields of the Long-Term Japanese Sovereign Debt.” Journal of Economic Issues 48(2): 331– 40. Akram, Tanweer, and Huiqing Li. 2017. “What Keeps Long-Term U.S. Interest Rates So Low?” Economic Modelling 60: 380– 90. Belz, Sage, Jeffrey Cheng, David Wessel, Daniel Gros, and Angela Capolongo. 2020. What's the ECB Doing in Response to the Covid-19 Crisis? The Hutchins Center on Fiscal and Monetary Policy. (June 4) Washington DC: The Bookings Institution. https://www.brookings.edu/research/whats-the-ecb-doing-in-response-to-the-covid-19-crisis/ Blanchard, Olivier, Alvaro Leandro, and Jeromin Zettelmeyer. 2021. “Redesigning EU Fiscal Rules: From Rules to Standards.” Economic Policy 36(106): 195– 236. https://doi.org/10.1093/epolic/eiab003 Douglas, James W., and Ringa Raudla. 2020. “Who is Afraid of the Big Bad Debt? A Modern Money Theory Perspective on Federal Deficits and Debt.” Public Budgeting & Finance 40(3): 6– 25. George, Justin, and Todd Sandler. 2022. “NATO Defense Demand, Free Riding, and the Russo-Ukrainian War in 2022.” Journal of Industrial and Business Economics 49: 783– 806. https://doi.org/10.1007/s40812-022-00228-y Godley, Wynne, and Marc Lavoie. 2012. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production, and Wealth 2nd ed. New York: Palgrave Macmillan. Lerner, Abba P. 1943. “Functional Finance and the Federal Debt.” Social Research 10(1): 38– 51. Mosler, Warren. 2010. The Seven Deadly Innocent Frauds of Economic Policy. St. Croix: Virgin Islands: Valance Company. Nersisyan, Yeva, and L. Randall Wray. 2022. “What's Causing Accelerating Inflation: Pandemic or Policy Response?” Working Paper Series 1003. Levy Economics Institute. Wray, L. Randall. 2019. “MMT and Two Paths to Big Deficits.” Challenge 62(6): 398– 415. https://doi.org/10.1080/05775132.2019.1668646 Wray, L. Randall. 2015. Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems 2nd ed. New York, NY: Palgrave Macmillan. Early ViewOnline Version of Record before inclusion in an issue ReferencesRelatedInformation