This publication is presented to you through Paradigm Publishing Services
University of Chicago Press
Chapter
Licensed
Unlicensed
Requires Authentication
4. The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises
You are currently not able to access this content.
You are currently not able to access this content.
Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1. Government Spending and Private Activity 19
- 2. Fiscal Multipliers in Recession and Expansion 63
- 3. The Household Effects of Government Spending 103
- 4. The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises 151
- 5. Game Over: Simulating Unsustainable Fiscal Policy 177
- 6. How Do Laffer Curves Differ across Countries? 211
- 7. Perceptions and Misperceptions of Fiscal Infl ation 255
- 8. The “Austerity Myth”: Gain without Pain? 307
- 9. Can Public Sector Wage Bills Be Reduced? 359
- 10. Entitlement Reforms in Europe: Policy Mixes in the Current Pension Reform Process 405
- 11. “Fiscal Devaluation” and Fiscal Consolidation: The VAT in Troubled Times 443
- 12. Fiscal Rules: Theoretical Issues and Historical Experiences 495
- 13. The Electoral Consequences of Large Fiscal Adjustments 531
- Contributors 573
- Author Index 577
- Subject Index 583
Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1. Government Spending and Private Activity 19
- 2. Fiscal Multipliers in Recession and Expansion 63
- 3. The Household Effects of Government Spending 103
- 4. The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises 151
- 5. Game Over: Simulating Unsustainable Fiscal Policy 177
- 6. How Do Laffer Curves Differ across Countries? 211
- 7. Perceptions and Misperceptions of Fiscal Infl ation 255
- 8. The “Austerity Myth”: Gain without Pain? 307
- 9. Can Public Sector Wage Bills Be Reduced? 359
- 10. Entitlement Reforms in Europe: Policy Mixes in the Current Pension Reform Process 405
- 11. “Fiscal Devaluation” and Fiscal Consolidation: The VAT in Troubled Times 443
- 12. Fiscal Rules: Theoretical Issues and Historical Experiences 495
- 13. The Electoral Consequences of Large Fiscal Adjustments 531
- Contributors 573
- Author Index 577
- Subject Index 583
