Title
Sustainability Of Public Debt (Cesifo Seminar Series),New
Delivery time: 8-12 business days (International)
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 longterm considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and six EU countries is sustainablethat 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 booklength 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.ContributorsTorben 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 Kirchgssner, Reinhard Neck, Fabio Padovano, Lars Haagen Pedersen, JanEgbert Sturm, Koen Vermeylen
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main focus of 'Sustainability of Public Debt'? A: 'Sustainability of Public Debt' explores the theoretical and empirical perspectives on fiscal policies in Europe and the United States, addressing how they can avoid government bankruptcy.
- Q: Who are the contributors to this book? A: The book features contributions from various experts, including Torben M. Andersen, Roel M. W. J. Beetsma, Henning Bohn, and Reinhard Neck, among others.
- Q: What type of binding does this book have? A: This edition of 'Sustainability of Public Debt' is bound in hardcover, ensuring durability and a quality reading experience.
- Q: How many pages does the book contain? A: 'Sustainability of Public Debt' consists of 271 pages, offering a comprehensive examination of public debt sustainability.
- Q: What is the publication date of this book? A: The book was published on June 1, 2008.
- Q: What is the significance of public debt sustainability? A: Public debt sustainability is crucial as it assesses whether fiscal policies can be maintained over the long term without risking government bankruptcy.
- Q: Is this book suitable for academic purposes? A: Yes, the book is ideal for academic research and study, particularly in fields related to economics, public policy, and fiscal policy analysis.
- Q: Does the book include case studies? A: Yes, it includes country studies on the United States and six EU countries, focusing on their fiscal policies and sustainability.
- Q: What edition of the book is available? A: This is the illustrated edition of 'Sustainability of Public Debt', providing visual enhancements to the text.
- Q: What category does this book fall under? A: 'Sustainability of Public Debt' is categorized under Theory, making it a valuable resource for theoretical discussions on public debt.