This book, edited and researched by experts at the International Monetary Fund (IMF), looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes. It also looks at whether spending exceeded expectations or...

Abstract: Die kommunale Verschuldung hat in vielen Kommunen Dimensionen erreicht, die zukünftige Generationen noch in hohem Maße belasten werden. Hinzu kommt, dass sich die kommunale Verschuldung nicht aus umfangreichen Investitionen begründet. In vielen Kommunen gibt es vielmehr einen...

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...