Overview

Path-breaking research on one of the most important macroeconomic policy challenges in the post-crisis world, presented in accessible languageWritten 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 fieldAddresses public concern about skyrocketing government debtsContains cutting edge research that changes the way we look at fiscal adjustmentPresents meticulous archival research in compelling and engaging case studiesExplores lessons learned and policy implications going forwardIncludes country coverage of all G7 and European Union economiesEducating 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.

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9781283177184

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