Public Debt Sustainability: International Perspectives

(Hardback)

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As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in deciding where we go from here that there is no longer a consensus regarding the optimum design and enforcement of fiscal rules. Rather we must address a series of questions and challenges to the conventional wisdom. This readings book provides an opportunity for scholars to explore these questions from an international perspective, with reference to European countries, and emerging nations as well as the United States.

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With many national governments around the world increasing their debt at unsustainable rates, this volume assembles a distinguished group of contributors who take a sobering look at factors behind the problem and potential solutions to address it. The volume draws on international experience to show that, while nations with sustainable spending and debt policies are rare, some countries have succeeded. Public Debt Sustainability: International Perspectives makes an important contribution to the debate on responsible fiscal policy.

Author Bio

Barry W. Poulson is emeritus professor of Economics at the University of Colorado.

John Merrifield is associate editor of the Nonpartisan Education Review, and past editor of the Journal of School Choice.

Steve H. Hanke is professor of Applied Economics and founder & co-director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.