Rudiger Dornbusch / Mario Draghi (eds.)

Public Debt Management

Theory and History
Herausgeber: Dornbusch, Rudiger; Rudiger, Dornbusch; Draghi, Mario

• Gebundenes Buch

Produktbeschreibung

This book from the Centre for Economic Policy Research collects theoretical, applied and historical research on the welfare economics of public debt; how inappropriate debt management can lead to funding crises; capital levies; debt consolidation; U.S. public debt history; political influences on debt accumulation; trade-offs between indexation and maturity; and confidence effects in a stochastic rational expectations framework.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 376
• Erscheinungstermin: 22. Dezember 2003
• Englisch
• Abmessung: 240mm x 161mm x 25mm
• Gewicht: 728g
• ISBN-13: 9780521392662
• ISBN-10: 0521392667
• Artikelnr.: 21585147

Inhaltsangabe

List of figures
List of tables
Preface
List of conference participants
1. Introduction Rudiger Dornbusch and Mario Draghi
2. The efficient design of public debt Douglas Gale
Discussion Olivier Jean Blanchard
3. Indexation and maturity of government bonds: an exploratory model Guillermo A. Calvo and Pablo E. Guidotti
Discussion William H. Branson and Allen Drazen
4. Public confidence and debt management: a model and a case study of Italy Alberto Alesina, Alessandro Pratti and Guido Tabellini
Discussion Mario Draghi and Lars E. O. Svensson
5. Confidence crises and public debt management Francesco Giavazzi and Marco Pagano
Discussion Enrica Detragiache and Maurice Obstfeld
6. Funding crises in the aftermath of World War I Gail E. Makinen and G. Thomas Woodward
Discussion Alberto Giovannini and Andrea Ripa Di Meana
7. The capital levy in theory and practice Barry Eichengreen
8. Episodes in the public debt history of the United States E. Cary Brown
Discussion Barry P. Bosworth and Giampaolo Galli
9. The Italian national debt conversion of 1906 Marcello de Cecco
Discussion Richard Portes and Ignazio Visco
10. Fear of deficit financing - is it rational? Marcus Miller, Robert Skidelsky and Paul Weller
Discussion Giuseppe Bertola
11. Government domestic debt and the risk of default: a political-economic model of the strategic role of debt Philippe Aghion and Patrick Bolton
Discussion Jean-Pierre Danthine and Pietro Reichlin
Index.