E-raamat: Chipping Away at Public Debt - Sources of Failure and Keys to Success in Fiscal Adjustment: Sources of Failure and Keys to Success in Fiscal Adjustment [Wiley Online]

"This book, edited and researched by experts at the International Monetary Fund (IMF), looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes. It also looks at whether spending exceeded expectations or revenues fell short of expectations, and why, and whether planned debt reductions proceeded faster or slower than projected. The concluding chapters provide an overview of what conclusions can be drawn from the chapters in terms of lessons learned and how to have the best chance for successful fiscal adjustments"--

Provided by publisher.

Path-breaking research on one of the most important macroeconomic policy challenges in the post-crisis world, presented in accessible language

Written and researched by a team of experts from the International Monetary Fund, other policy-making institutions, and academia, this timely book looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes, and explaining why objectives were met in some cases but missed in others. An overview reveals pitfalls to avoid and lessons learned for securing successful fiscal adjustment.

• Written by experts in the field
• Addresses public concern about skyrocketing government debts
• Contains cutting edge research that changes the way we look at fiscal adjustment
• Presents meticulous archival research in compelling and engaging case studies
• Explores lessons learned and policy implications going forward
• Includes country coverage of all G7 and European Union economies

Educating and informing investors, economists, and the general public, this important book looks at why some attempts to curb debts and deficits succeed whereas others fail, as well as how to ensure successful fiscal adjustment in the period ahead.