What we owe : truths, myths, and lies about public debt
Author(s)
Bibliographic Information
What we owe : truths, myths, and lies about public debt
Brookings Institution Press, c2017
- : cloth
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes index
Description and Table of Contents
Description
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.
Table of 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
by "Nielsen BookData"