The Economics of Public Debt

1. Front Matter

   Pages i-xvii

   PDF

2. Public Debt and Macroeconomics

   1. Front Matter

      Pages 1-1

      PDF

   2. Deficits, Monetary Policy, and Real Economic Activity

      • Robert Eisner, Paul J. Pieper

      Pages 3-40

   3. On the Relevance or Irrelevance of Public Financial Policy

      • Joseph E. Stiglitz

      Pages 41-76

   4. Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity

      • Michael J. Boskin

      Pages 77-115

   5. Optimum Fiscal Policy when Monetary Policy is Bound by a Rule: Ramsey Redux

      • Edmund S. Phelps, Kumaraswamy Velupillai

      Pages 116-130

3. Public Debt and Equity

   1. Front Matter

      Pages 131-131

      PDF

   2. Public Debt and Intergeneration Equity

      • Richard A. Musgrave

      Pages 133-148

   3. Debt and Burden and Intergeneration Equity

      • Toshihiro Ihori

      Pages 149-197

4. Aspects of Public Debt Theory and Practice

   1. Front Matter

      Pages 199-199

      PDF

   2. Debt and Taxes in War and Peace: The Closed Economy Case

      • J. S. Flemming

      Pages 201-229

   3. Public Debt and Fiscal Policy in Developing Countries

      • Vito Tanzi, Mario I. Blejer

      Pages 230-263

   4. Benefits and Burdens of Indexed Debt: Some Lessons from Israel’s Experience

      • Ephraim Kleiman

      Pages 264-291

   5. Debt, Wealth and the Rate of Growth: An Exercise in Equilibrium Dynamics

      • Stefano Gorini

      Pages 292-310

5. Back Matter

   Pages 311-317

   PDF

A collection of essays presenting new insights into the analysis of public debt theory, recent historical episodes, econometric analyses and policy dilemmas and options. It also documents the perceptions of debt problems from viewpoints of national economies as well as the world economy.

• economics
• economy
• financial policy
• fiscal policy
• growth
• macroeconomics
• monetary policy

Policies and ethics