A new era of fiscal rules -- Economic analysis of fiscal rules -- Case studies : fiscal rules in Switzerland and Sweden -- Fiscal rules in the U.S -- Should the U.S. go Swiss? -- Designing a new fiscal rule for the U.S. -- Toward a new budget process -- The political economy of new fiscal rules

This book proposes new fiscal rules to address the debt crisis, including a balanced budget amendment and a deficit-debt brake. It estimates the impact of the proposed rules on the economy over the next two decades

"George Will nailed it when he said we are sleepwalking into a debt crisis. A Fiscal Cliff: New Perspectives on the U.S. Debt Crisis aims to be a key source of the ideas that will be considered once the already-declared crisis is taken seriously. The unsustainable, and still rapidly growing,...