This book from the Centre for Economic Policy Research collects theoretical, applied and historical research on the welfare economics of public debt; how inappropriate debt management can lead to funding crises; capital levies; debt consolidation; U.S. public debt history; political influences on debt accumulation; trade-offs between indexation and maturity; and confidence effects in a stochastic rational expectations framework.
Reviews
"...a very good collection of thoughtful essays on an important policy topic. It can be recommended highly to all scholars of fiscal policy and public debt." Journal of Economic Literature
