Chipping Away At Public Debt

Author : Paolo Mauro
Publisher : John Wiley & Sons
Page : 348 pages
File Size : 40,7 Mb
Release : 2011-06-17
Category : Business & Economics
ISBN : 9781118113066

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Chipping Away at Public Debt by Paolo Mauro Pdf

Path-breaking research on one of the most important macroeconomic policy challenges in the post-crisis world, presented in accessible language Written and researched by a team of experts from the International Monetary Fund, other policy-making institutions, and academia, this timely book looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes, and explaining why objectives were met in some cases but missed in others. An overview reveals pitfalls to avoid and lessons learned for securing successful fiscal adjustment. Written by experts in the field Addresses public concern about skyrocketing government debts Contains cutting edge research that changes the way we look at fiscal adjustment Presents meticulous archival research in compelling and engaging case studies Explores lessons learned and policy implications going forward Includes country coverage of all G7 and European Union economies Educating and informing investors, economists, and the general public, this important book looks at why some attempts to curb debts and deficits succeed whereas others fail, as well as how to ensure successful fiscal adjustment in the period ahead.

Author : George Kopits
Publisher : OUP Oxford
Page : 304 pages
File Size : 43,6 Mb
Release : 2013-10-17
Category : Business & Economics
ISBN : 9780191665424

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Restoring Public Debt Sustainability by George Kopits Pdf

Restoring Public Debt Sustainability: The Role of Independent Fiscal Institutions represents the first comprehensive survey of a new generation of independent fiscal institutions, established to promote transparency in public finances through real-time monitoring of the soundness of budgetary policymaking. The chapters, authored by heads of the institutions, as well as distinguished policy analysts and academics, explore the rationale and experience of these fiscal watchdogs. Consequently, useful lessons and implications are drawn for the design and practical operation of such institutions. The timeliness of the volume is underscored by the potential role of fiscal watchdogs in containing the public debt crisis that has engulfed a number of countries. Indeed, the recent proliferation of these institutions has been in response to the need for enhancing policy credibility of highly indebted governments in financial markets and, more generally, for strengthening the quality of economic governance. The first part of the book deals with key analytical and institutional issues: the political environment, the scope and limits of these institutions, the delegation of monetary policymaking to an independent body, and the implications of rising public indebtedness. The second part contains case studies of institutions that, for the most part, were born as a result of domestic political developments. The third part presents the experience of institutions whose origins can be traced directly or indirectly to an earlier or a recent financial crisis. The chapters are written from a multidisciplinary - economic, financial, political, legal - perspective, intended for academics, researchers, and practitioners alike.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 59 pages
File Size : 54,8 Mb
Release : 2011-05-08
Category : Business & Economics
ISBN : 9781498338639

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Modernizing the Framework for Fiscal Policy and Public Debt Sustainability Analysis by International Monetary Fund Pdf

Modernizing the framework for fiscal policy and public debt sustainability analysis (DSA) has become necessary, particularly in light of the recent crisis and rising sustainability concerns in some advanced economies. While recognizing the inherently challenging nature of such analysis, this paper highlights areas where improvements are needed and makes both general and specific proposals on how this could be achieved. It also proposes to move to a risk-based approach to DSAs for all market-access countries, where the depth and extent of analysis would be commensurate with concerns regarding sustainability, while a reasonable level of standardization would be maintained.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 12 pages
File Size : 45,5 Mb
Release : 2011-12-07
Category : Business & Economics
ISBN : 9781463935153

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IMF Research Bulletin, December 2011 by International Monetary Fund. Research Dept. Pdf

The Q&A in this issue features seven questions about Large Fiscal Consolidation Attempts in the Past and Implications for Policymakers Today (by Fuad Hasanov and Paolo Mauro). The research summaries are "Booms and Busts" (by Roberto Piazza) and " Did Export Diversification Soften the Impact of the Global Financial Crisis?" (by Rafael Romeu). The issue also provides details on visiting scholars at the IMF (mainly from September through December 2011), as well as recently published IMF Working Papers and Staff Discussion Notes.

Author : Shi, Jichun
Publisher : Edward Elgar Publishing
Page : 336 pages
File Size : 53,7 Mb
Release : 2022-07-22
Category : Law
ISBN : 9781802209587

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Renmin Chinese Law Review by Shi, Jichun Pdf

Renmin Chinese Law Review, Volume 9 is the ninth work in a series of annual volumes on contemporary Chinese law which bring together the work of well-known scholars from China, offering an insight into current legal research in China.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 251 pages
File Size : 54,9 Mb
Release : 2012-10-08
Category : Business & Economics
ISBN : 9781616353896

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World Economic Outlook, October 2012 by International Monetary Fund. Research Dept. Pdf

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies' resilience to shocks, an issue explored in depth in Chapter 4.

Author : Carlo Cottarelli
Publisher : Brookings Institution Press
Page : 204 pages
File Size : 45,5 Mb
Release : 2017-09-05
Category : Business & Economics
ISBN : 9780815730699

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What We Owe by Carlo Cottarelli Pdf

The euro crisis, Japan's sluggish economy, and partisan disagreements in the United States about the role of government all have at least one thing in common: worries about high levels of public debt. Nearly everyone agrees that public debt in many advanced economies is too high to be sustainable and must be addressed. There is little agreement, however, about when and how that addressing should be done—or even, in many cases, just how serious the debt problem is. As the former director of the International Monetary Fund's Fiscal Affairs Department, Carlo Cottarelli has helped countries across the globe confront their public finance woes. He also had direct experience in advising his own country, Italy, about its chronic fiscal ailments. In this straightforward, plain-language book, Cottarelli explains how and why excessive public debt can harm economic growth and can lead to crises such as those experienced recently in Italy and several other European countries. But Cottarelli also has some good news: reducing public debt often can be done without trauma and through moderate changes in spending habits that contribute to economic growth. His book focuses on positive remedies that countries can adopt to deal with their public debt, analyzing both the benefits and potential downsides to each approach, as well as suggesting which remedies might be preferable in particular situations. Too often, public debate about public debt is burdened by lies and myths. This book not only explains the basic facts about public debt but also aims to bring truth and reasoned nonpartisan analysis to the debate.

Author : S. Ali Abbas,Alex Pienkowski,Kenneth Rogoff
Publisher : Oxford University Press, USA
Page : 455 pages
File Size : 46,9 Mb
Release : 2019
Category : Business & Economics
ISBN : 9780198850823

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Sovereign Debt by S. Ali Abbas,Alex Pienkowski,Kenneth Rogoff Pdf

This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this complicated, but not intractable, subject.

Author : Eisaku Ide,Gene Park
Publisher : Routledge
Page : 334 pages
File Size : 44,6 Mb
Release : 2015-03-24
Category : Political Science
ISBN : 9781317575863

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Deficits and Debt in Industrialized Democracies by Eisaku Ide,Gene Park Pdf

Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to the financial crisis, the fiscal fates of countries have been diverging, despite predictions that pressures from economic globalization push countries toward more convergent fiscally conservative policies. Featuring the work of an international interdisciplinary team of scholars, this volume explains patterns of fiscal performance (persistent patterns of budget deficits and government debt) from the 1970s to the present across seven countries – France, Italy, Germany, Japan, South Korea, Sweden, and the United States. Employing a comparative case study approach, seldom employed in studies of fiscal performance, contributions illuminate the complex causal factors often overlooked by quantitative studies and advances our theoretical understanding of fiscal performance. Among other things, the cases highlight the role of taxpayer consent, tax structure, the welfare state, organization of interests, and labor and financial markets in shaping fiscal outcomes. A necessary resource to understand a broader array of factors that shape fiscal outcomes in specific national contexts, this book will reinvigorate the study of fiscal performance.

Author : Joshua E Greene
Publisher : World Scientific Publishing Company
Page : 500 pages
File Size : 52,5 Mb
Release : 2011-12-13
Category : Business & Economics
ISBN : 9789814397100

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Public Finance by Joshua E Greene Pdf

This book expands on issues like fiscal sustainability, state enterprises and the variety of subsidies, with a multi-country focus. Drawing examples from numerous countries, it presents issues in contemporary finance and especially fiscal policy that can benefit researchers and civil servants from both developed, as well as developing worlds and emerging market economies. Written in a simple and accessible manner, this book will be of interest to civil servants and practitioners. It also serves as a reference source for students and academics, and can be used as a textbook for advanced courses on public finance.

Author : The New York Times Editorial Staff
Publisher : The Rosen Publishing Group, Inc
Page : 224 pages
File Size : 46,7 Mb
Release : 2019-07-15
Category : Young Adult Nonfiction
ISBN : 9781642822168

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Personal and Public Debt by The New York Times Editorial Staff Pdf

Student loans. Medical bills. Mortgages. The national deficit. Debt touches so many parts of American life, from the individual citizen to the United States as a whole. A complex issue, debt can be alternately beneficial, such as when building credit, or it can do irreparable damage to a person's credit score, housing prospects, lifestyle, and more. The articles collected in this volume trace the issues that affect students, consumers, corporate entities, and the nation when it comes to addressing and managing debt. Media literacy questions and terms aid readers in assessing news coverage of the topic.

Author : United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Public Lands and National Parks
Publisher : Unknown
Page : 790 pages
File Size : 42,9 Mb
Release : 1983
Category : Public lands
ISBN : UOM:39015005681534

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Public Land Management Policy by United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Public Lands and National Parks Pdf

Author : Zsofia Barta
Publisher : University of Michigan Press
Page : 225 pages
File Size : 42,5 Mb
Release : 2018-03-06
Category : Business & Economics
ISBN : 9780472130641

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In the Red by Zsofia Barta Pdf

Insightful study that identifies the underlying factors contributing to countries continually accumulating immense debt

Author : Mr.M. Cangiano,Ms.Teresa R Curristine,Mr.Michel Lazare
Publisher : International Monetary Fund
Page : 468 pages
File Size : 41,6 Mb
Release : 2013-04-05
Category : Business & Economics
ISBN : 9781475531091

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Public Financial Management and Its Emerging Architecture by Mr.M. Cangiano,Ms.Teresa R Curristine,Mr.Michel Lazare Pdf

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades.

Author : Ding Ding,Mr.Werner Schule,Mr.Yan Sun
Publisher : International Monetary Fund
Page : 20 pages
File Size : 51,7 Mb
Release : 2014-04-16
Category : Business & Economics
ISBN : 9781475516388

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Cross-Country Experience in Reducing Net Foreign Liabilities by Ding Ding,Mr.Werner Schule,Mr.Yan Sun Pdf

This paper studies the dynamics of net foreign liabilities across a number of countries. Our historical analysis suggests that an orderly reduction in a country’s net foreign liabilities has mostly occurred when there was significant improvement in gross public savings through deliberate fiscal consolidation measures. Simulations of a dynamic general equilibrium model calibrated for New Zealand indicates that sustained government deficit reduction could improve the country’s net foreign assets by about half of the accumulated public savings. However, given New Zealand’s relatively strong fiscal positions and previous work noting structurally low household savings, an orderly improvement in New Zealand’s external position in the medium term will depend on a structural improvement in private savings.