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9780815730675 Add to Cart Academic Inspection Copy

What We Owe

Truths, Myths, and Lies about Public Debt
  • ISBN-13: 9780815730675
  • Publisher: ROWMAN & LITTLEFIELD PUBLISHERS
    Imprint: BROOKINGS INSTITUTION
  • By Carlo Cottarelli
  • Price: AUD $40.99
  • Stock: 0 in stock
  • Availability: This book is temporarily out of stock, order will be despatched as soon as fresh stock is received.
  • Local release date: 21/09/2017
  • Format: Hardback (236.00mm X 158.00mm) 200 pages Weight: 0g
  • Categories: International economics [KCL]
Description
Author
Biography
Table of
Contents
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As the former director of the International Monetary Funds Fiscal Affairs Department, Carlo Cottarelli has helped countries across the globe confront their public finance woes. 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. 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.

Carlo Cottarelli is the Executive Director for Italy at the International Monetary Fund. He was Commissioner of public spending reform in Italy and director of the International Monetary Funds Fiscal Affairs Department. At the IMF, he worked on surveillance and technical assistance in a variety of countries, including Albania, Croatia, Hungary, Lebanon, Russia, Serbia, Tajikistan, Turkey, Italy, and the United Kingdom. He has authored several papers on fiscal and monetary policies and institutions, and edited books on inflation, monetary policy, and exchange rates.

 "Contents:
Introduction
Part I: The Public Debt Problem
1. What Is Public Debt?
2. The Surge in Public Debt
3. How High Public Debt Can Cause a Financial Crisis
4. How High Public Debt Can Reduce Economic Growth
5. Public Debt, Moral Imperatives, and Politics
6. A Pause to Recap
Part II: The Shortcuts
7. Printing Money
8. First Case Study: Should European Countries Leave the Euro Zone?
9. Financial Repression
10. Default
11. Second Case Study: The Greek Crisis
12. Debt Mutualization
13. Privatization
Part III: The Main Road
14. Economic Growth
15. A Bit of Austerity
16. Institutional Fiscal Constraints
Conclusion: The Unbearable Lightness of Public Debt
Notes
Index"

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