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This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity
Persistent link: https://www.econbiz.de/10012053819
This book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has...
Persistent link: https://www.econbiz.de/10012397293
The International Handbook of Public Financial Management is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten...
Persistent link: https://www.econbiz.de/10012106390
This book presents alternative macroeconomic perspectives, primarily open economy, on the limitations of discretionary fiscal policy, with a focus on government spending. Following an overview on the post-crisis Keynesian revival and of the macro-foundations needed for subsequent analysis,...
Persistent link: https://www.econbiz.de/10012397638
Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.
Persistent link: https://www.econbiz.de/10014021349
Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether...
Persistent link: https://www.econbiz.de/10013521220
This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies...
Persistent link: https://www.econbiz.de/10012397755
political elements that have hindered effective steps toward these two goals. Facing population aging and a business downturn …
Persistent link: https://www.econbiz.de/10012401959
Today, the most pressing challenges for public economics are of macroeconomic nature: pensions, debt, income … distribution, and fiscal sustainability. All these problems are compounded by the phenomenon of demographic transition and aging …: Goverment Consumption- Income Taxation -- Part III: Social Security, Demographics, and Debt: Pensions -- Public Debt -- Name …
Persistent link: https://www.econbiz.de/10012397071
This timely book debates the economic and political logic of the austerity policies that have been implemented in the UK and in the Eurozone since 2010 and asks whether there is any alternative for these countries in the years ahead. The work reconsiders the austerity versus stimulus debate...
Persistent link: https://www.econbiz.de/10012397283