This volume presents a selection of contributions to the XXIV
Villa Mondragone International Economic Seminar on "Public debt,
global governance and economic dynamism." For the past 23 years,
the Seminar has provided an ideal opportunity to meet and discuss
the most topical issues in economic research. The quality of the
scientific contributions and ensuing debates has consistently been
outstanding owing to the participation of leading experts, and the
most recent Seminar was no exception.
The Seminar was held against the backdrop of high levels of
public debt, especially in Europe, combined with very low growth in
productivity. Furthermore, markets have been dominated by financial
instability, raising the question of whether this is the result of
the high debt levels or insufficient economic dynamism. Among the
topics covered in this book are the economic challenges and growth
policies in the United States; issues relating to the G20, global
governance and regional integration; EU governance, growth and the
Eurozone crisis; and EMU policy and public debt. Individual
contributions also address the impact of labor market reforms, the
need for sectoral rebalancing in the Euro area, fiscal multipliers
and public debt dynamics, and the effects of fiscal shocks in
Italy. The book concludes with a contribution on policy
recommendations.
General
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