Chapter 1. Introduction -- Chapter 2. Fiscal Policy and Government Debt in the 21st Century -- Chapter 3. European Debt Crisis and Flaws of the Euro Area -- Chapter 4. Sovereign Debt Channels in the Euro Area -- Chapter 5. European Fiscal and Debt Union -- Chapter 6. Specific Characteristics of...

The COVID-19 pandemic has seen a sudden and steep increase in Australia’s public debt, as in most other countries. This report investigates and assesses ways in which Australia can bring its debt down to fiscally sustainable levels through the tax and transfer system. Scenarios are modelled...