Long-Term Trends in Public Finances in the G-7 Economies
()
Currently unavailable
Currently unavailable
About this ebook
Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber—rising in bad times but not declining much in good times. Alongside, primary spending increased, particularly during 1965–85, reflecting predominantly a surge in health care and pension spending. Looking ahead, advanced economies will face the formidable challenge of reducing debt ratios at a time when ageing-related spending, in particular often underestimated pressures from health care systems, will put additional pressure on public finances. Addressing these fiscal challenges will require growth-friendly structural reforms, a fiscal strategy involving gradual but steady fiscal adjustment, stronger fiscal institutions, expenditure and revenue reforms, and an appropriate degree of burden sharing across all stakeholders.
Related to Long-Term Trends in Public Finances in the G-7 Economies
Related ebooks
The Paradox of Debt: A New Path to Prosperity Without Crisis Rating: 0 out of 5 stars0 ratingsPax Americana Debt Bubble Rating: 0 out of 5 stars0 ratingsDC Cuts: How the Federal Budget Went from a Surplus to a Trillion Dollar Deficit in 10 Years Rating: 0 out of 5 stars0 ratingsHow to Survive the Incoming Economic Crisis Rating: 0 out of 5 stars0 ratingsThe BRIC Road to Growth Rating: 0 out of 5 stars0 ratingsChina and the US Foreign Debt Crisis: Does China Own the USA? Rating: 0 out of 5 stars0 ratingsPolitics in the New Hard Times: The Great Recession in Comparative Perspective Rating: 0 out of 5 stars0 ratingsThe Reform of Europe: A Political Guide to the Future Rating: 2 out of 5 stars2/5The Root of United States Public and Private Debt Told by the Pen of History Rating: 5 out of 5 stars5/5The Corona Crash: How the Pandemic Will Change Capitalism Rating: 0 out of 5 stars0 ratingsChipping Away at Public Debt: Sources of Failure and Keys to Success in Fiscal Adjustment Rating: 1 out of 5 stars1/5Financialization: Economic and Social Impacts Rating: 0 out of 5 stars0 ratingsThe Labor Market Story Behind Latin America’s Transformation Rating: 0 out of 5 stars0 ratingsAusterity: When is it a mistake and when is it necessary? Rating: 0 out of 5 stars0 ratingsThe Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition Rating: 5 out of 5 stars5/5The Financial Crisis and the Global South: A Development Perspective Rating: 0 out of 5 stars0 ratingsLeveraged: The New Economics of Debt and Financial Fragility Rating: 0 out of 5 stars0 ratings2012: THE WEAK ECONOMY AND HOW TO DEAL WITH IT TO EMPOWER THE CITIZENS Rating: 0 out of 5 stars0 ratingsArticles Rating: 0 out of 5 stars0 ratingsHidden Spending: The Politics of Federal Credit Programs Rating: 0 out of 5 stars0 ratingsThe Next Economic Disaster: Why It's Coming and How to Avoid It Rating: 0 out of 5 stars0 ratingsUnderstand Financial Crisis Rating: 0 out of 5 stars0 ratingsEIB Investment Report 2023/2024 - Key Findings: Transforming for competitiveness Rating: 0 out of 5 stars0 ratingsDefining Defense: The 1985 Military Budget Rating: 0 out of 5 stars0 ratingsBlown Budget: Optics Problem Rating: 0 out of 5 stars0 ratingsThe Government Debt Iceberg Rating: 0 out of 5 stars0 ratingsPlan B: How Leaving the Euro Can Save Ireland Rating: 0 out of 5 stars0 ratingsA Fiscal Cliff: New Perspectives on the U.S. Federal Debt Crisis Rating: 0 out of 5 stars0 ratingsManaging The Euro Area Debt Crisis Rating: 0 out of 5 stars0 ratingsFollow the Money: Fed Largesse, Inflation, and Moon Shots in Financial Markets Rating: 0 out of 5 stars0 ratings
Economics For You
Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5Economics For Dummies, 3rd Edition Rating: 5 out of 5 stars5/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5Think in Systems: The Art of Strategic Planning, Effective Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5Bottle of Lies: The Inside Story of the Generic Drug Boom Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5A People's Guide to Capitalism: An Introduction to Marxist Economics Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Rating: 4 out of 5 stars4/5The Physics of Wall Street: A Brief History of Predicting the Unpredictable Rating: 4 out of 5 stars4/5The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind Rating: 5 out of 5 stars5/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Payback: Debt and the Shadow Side of Wealth Rating: 0 out of 5 stars0 ratingsCapital in the Twenty-First Century Rating: 4 out of 5 stars4/5
Reviews for Long-Term Trends in Public Finances in the G-7 Economies
0 ratings0 reviews