What We Owe: Truths, Myths, and Lies about Public Debt
Hardback | Dec 2017 | Brookings Institution Press | 9780815730675 | 180pp | 229x152mm | Forthcoming | RFB | AUD$37.99, NZD$47.99
As the former director of the International Monetary Fund's Fiscal Affairs Department, Carlo Cottarelli has helped countries across the globe confront their public finance woes. In this straightforward, plain-language book, Cottarelli explains how and why excessive public debt can harm economic growth and can lead to crises such as those experienced recently in Italy and several other European countries. His book focuses on positive remedies that countries can adopt to deal with their public debt, analyzing both the benefits and potential downsides to each approach, as well as suggesting which remedies might be preferable in particular situations.