This author is an economist whose career has been dedicated to understanding and analyzing public finance and economic policy. Their work draws on extensive experience within major financial institutions, offering a deep insight into the workings of economies and the impact of fiscal decisions. They bring a rigorous, data-driven approach to exploring complex economic issues, aiming to illuminate the mechanisms that shape public accounts and economic stability.
Famed international economist Carlo Cottarelli explains public debt - the IOUs governments issue to keep the machinery of government running. Where does public debt originate? Why is it so difficult to reduce? Why is it so important for a nation's economy? Can nations live with debt, and how? Is it possible to eliminate public debt?
This book addresses some of the strategic issues faced by policymakers in the choice of a monetary regime. Following an overview of some of these issues, the book considers the various theoretical or practical frameworks for the implementation of monetary policy. It then focuses on how monetary policy should be implemented.