Cover Image

What we owe : truths, myths, and lies about public debt /

Bibliographic Details
Main Author: Cottarelli, Carlo (Author)
Format: Book
Language:English
Published: Washington, D.C. : Brookings Institution Press, [2017]
Subjects:
Debts, Public.
Table of Contents:
  • Introduction
  • PART I: The Public Debt Problem
  • 1. What is public debt?
  • 2. The surge in public debt
  • 3. How high public debt can cause a financial crises
  • 4. How high public debt can reduce economic growth
  • 5. Public debt, moral imperative and politics
  • 6. A pause to recap
  • PART II: The Shortcuts
  • 7. Printing money
  • 8. First case study : should European countries leave the Euro Zone?
  • 9. Financial repression
  • 10. Default
  • 11. Second case study : the Greek Crisis
  • 12. Debt mutualization
  • 13. Privatization
  • PART III: The Main Road
  • 13. Economic growth
  • 15. A bit of austerity
  • 16. Institutional fiscal constraints
  • Conclusion : the unbearable lightness of public debt