Your Waterstones card is changing, introducing...
TELL ME MORE
Sustainability of Public Debt - CESifo Seminar Series (Hardback)
  • Sustainability of Public Debt - CESifo Seminar Series (Hardback)
zoom

Sustainability of Public Debt - CESifo Seminar Series (Hardback)

(editor), (editor)
£6.99
Hardback 280 Pages / Published: 16/05/2008
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
Theoretical and empirical perspectives on how fiscal policies in Europe and the United States can avoid government bankruptcy. In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and six EU countries is sustainable-that is, whether fiscal policies in these countries can be continued without creating the potential for government bankruptcy. The sustainability of public debt presents a challenge not only to public policy design but also to economic theory. This collection is the first book-length analysis of the theoretical foundations of public debt sustainability concepts and their application to the empirical study of actual budgetary policies. Conditions for public debt sustainability are derived and applied to various institutional environments. Country studies cover the United States, Italy, the Netherlands, Austria, Denmark, the United Kingdom, and Switzerland, with special emphasis in the EU chapters on the fiscal criteria for entrance into the European Monetary Union and the Stability and Growth Pact. The contributors find that in most countries, fiscal policy turns out to be sustainable in the long run and that all countries (with the possible exception of Italy) were able to return to a sustainable path after a period of unsustainability. Contributors Torben M. Andersen, Roel M. W. J. Beetsma, Henning Bohn, Marco Buti, Sylvester Eijffinger, Lars P. Feld, Daniele Franco, Emma Galli, Olaf de Groot, Gottfried Haber, Jakob de Haan, Andrew Hughes Hallett, Svend E. Hougaard Jensen, Gebhard Kirchgassner, Reinhard Neck, Fabio Padovano, Lars Haagen Pedersen, Jan-Egbert Sturm, Koen Vermeylen

Publisher: MIT Press Ltd
ISBN: 9780262140980
Number of pages: 280
Weight: 522 g
Dimensions: 229 x 152 x 19 mm

You may also be interested in...

Governing by Debt: Volume 17
Added to basket
HMRC - Her Majesty's Roller Coaster
Added to basket
Economics of the Public Sector
Added to basket
The Myth of Ownership
Added to basket
Endgame
Added to basket
£13.99
Paperback
Know Your Rights
Added to basket
£11.50
Paperback
Small Business Taxes for Dummies
Added to basket
Public Finance, Global Edition
Added to basket
Lectures on Public Economics
Added to basket
Economic Evaluation in Health Care
Added to basket
Regulating Infrastructure
Added to basket
Intermediate Public Economics
Added to basket
Taxation: A Very Short Introduction
Added to basket
The Great Tax Robbery
Added to basket
Treasure Islands
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.