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...