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Sustainability Of Public Debt (Cesifo Seminar Series),New
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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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- Q: What is the page count of this book? A: This book has two hundred seventy-one pages. It provides a comprehensive analysis of public debt sustainability.
- Q: What binding type does this book have? A: This book is hardcover bound. This ensures durability and a professional look for library or personal collections.
- Q: What are the dimensions of 'Sustainability of Public Debt'? A: The dimensions are six point two six inches long, one inch wide, and nine point two five inches tall. This size makes it easy to handle and store.
- Q: Who is the author of this book? A: The author of this book is Reinhard Neck. He is recognized for his contributions to fiscal policy and public debt discussions.
- Q: What is the main focus of this book? A: The book focuses on fiscal policies and public debt sustainability. It discusses how various countries can avoid government bankruptcy.
- Q: How do I read 'Sustainability of Public Debt'? A: You can read this book as a comprehensive study on public debt. It is suitable for scholars, policymakers, and those interested in fiscal economics.
- Q: Is this book suitable for beginners in economics? A: Yes, it is suitable for beginners. The theoretical foundations are explained, making complex concepts accessible to newcomers.
- Q: Can I use this book for academic research? A: Yes, this book is an excellent resource for academic research. It includes theoretical and empirical studies relevant to public debt.
- Q: How should I store this hardcover book? A: Store this book upright on a shelf to prevent warping. Keep it in a dry place away from direct sunlight for longevity.
- Q: How do I keep this book in good condition? A: To keep it in good condition, avoid bending the cover or pages. Regularly dust the cover and store it properly.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact customer service for a return or replacement. They can assist you with the process.
- Q: Is there a warranty for this book? A: No, there is typically no warranty for books. However, you can return it if it is damaged upon arrival.
- Q: What topics does this book cover? A: The book covers fiscal policy, public debt sustainability, and country-specific studies. It includes empirical perspectives from various nations.
- Q: Are there illustrations or tables in this book? A: Yes, there are forty-three tables included. These tables help illustrate key concepts and data related to public debt.
- Q: Is this book part of a series? A: Yes, it is part of the CESifo Seminar Series. This series focuses on economic research and discussions.