In recent years central bankers have placed new emphasis on communication with financial markets and the general public. They have done this not only through the traditional channel of monetary policy pronouncements but also by increasing the quantity of information they make public. Yet as...

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...

Intro -- Contents -- Series Foreword -- 1 Sustainability of Public Debt: Introduction and Overview -- 2 The Sustainability of Fiscal Policy in the United States -- 3 Sustainability and Determinants of Italian Public Deficits before and after Maastricht -- 4 Policy Adjustments and Sustainability...