What We Owe: Truths, Myths, and Lies about Public Debt
| Author | : | |
| Rating | : | 4.20 (767 Votes) |
| Asin | : | B01N9W6TRR |
| Format Type | : | |
| Number of Pages | : | 500 Pages |
| Publish Date | : | 2014-01-06 |
| Language | : | English |
DESCRIPTION:
Solow Professor of Economics, Massachusetts Institute of Technology, and former economic counselor, International Monetary Fund. Public debt is very high. Is this an issue? Should it be reduced? If so, how? Through debt restructuring, inflation, or more slowly, through steady surpluses? Carlo Cottarelli, building on his long experience at the IMF, offers a clear, frank, and refreshing discussion of one of the most important macroeconomic issues of the day. A must-read.Olivier Blanchard, emeritus Robert M
He also had direct experience in advising his own country, Italy, about its chronic fiscal ailments. His book focuses on positive remedies that countries can adopt to deal with their public debt, analyzing both the benefits and potential downsides to each approach, as well as suggesting which remedies might be preferable in particular situations.Too often, public debate about public debt is burdened by lies and myths. There is little agreement, however, about when and how that addressing should be done—or even, in many cases, just how serious the debt problem is.As the former director o