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Fiscal Sustainability in Theory and Practice - A Handbook (Paperback)
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Fiscal Sustainability in Theory and Practice - A Handbook (Paperback)
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Fiscal sustainability analysis is the use of a simple set of tools
to analyze a government's budget and its debt position, and leads
to conclusions - given the government's debt level - about the
appropriateness of fiscal policy. Many economists are familiar with
fiscal sustainability analysis, but there is no single reference
work that explains it. Fiscal Sustainability in Theory and Practice
fills this gap. The handbook is organized around three themes: (i)
Basic theory and tools for everyday use, (ii) The effects of
business cycles on public finance and the role of fiscal rules, and
(iii) Crises and their impact on fiscal sustainability. The first
theme is central to the book's purpose of bringing the basic
theoretical literature together, along with a set of examples used
to illustrate particular methods of analysis. The second and third
themes develop the topic of fiscal sustainability further, by
extending it to topics at the forefront of policy debates in the
recent past. Aimed at economists previously unfamiliar with fiscal
sustainability analysis, this book will also serve as a useful
reference work for all economists with either an advanced
undergraduate or basic graduate level of training.
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