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Showing 1 - 12 of 13 results for “carlo cottarelli”
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  • What We Owe

    Truths, Myths, and Lies about Public Debt

    by Carlo Cottarelli ...
    The euro crisis, Japan's sluggish economy, and partisan disagreements in the United States about the role of government all have at least one thing in common: worries about high levels of public debt. Nearly everyone agrees that public debt in many advanced economies is too high to be sustainable and must be addressed. There is little agreement, however, about when and how that addressing should ... Read more

    $27.99 CAD

  • Frameworks for Monetary Stability: Policy Issues and Country Experiences

    Edited by Tomás Mr. Baliño, Carlo Mr. Cottarelli ...
    This book, edited by Tomás J.T. Baliño and Carlo Cottarelli, 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. ... Read more

    $19.99 CAD

  • Designing a European Fiscal Union

    Lessons from the Experience of Fiscal Federations

    Edited by Carlo Cottarelli, Martine Guerguil ...
    Series series Routledge Studies in the European Economy
    Does the European Union need closer fiscal integration, and in particular a stronger fiscal centre, to become more resilient to economic shocks? This book looks at the experience of 13 federal states to help inform the heated debate on this issue. It analyses in detail their practices in devolving responsibilities from the subnational to the central level, compares them to those of the European ... Read more

    $63.99 CAD

  • Moderate Inflation:The Experience of Transition Economies

    by Carlo Mr. Cottarelli, Gyorgy Mr. Szapary ...
    Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What ... Read more

    $14.99 CAD

  • A Strategy for Renormalizing Fiscal and Monetary Policies in Advanced Economies

    by Carlo Mr. Cottarelli, José Vinãls ...
    Series Book 2009 - IMF Staff Position Notes
    In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expanded, and risks of future losses for the public sector have increased. ... Read more

    $6.99 CAD

  • Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely

    by Carlo Mr. Cottarelli, Paolo Mr. Mauro, Lorenzo Forni, Jan Gottschalk ...
    Series Book 2010 - IMF Staff Position Notes
    This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on the size of the adjustment and continued market concerns reflected in government bond spreads. The essence of our reasoning is that the challenge stems mainly from the advanced economies’ large primary ... Read more

    $6.99 CAD

  • Credibility Without Rules

    by Carlo Mr. Cottarelli, Curzio Giannini ...
    Series Book 154 - Occasional Papers
    During the last 25 years, monetary practice in most countries has increasingly been characterized by the attempt to achieve credibility of purpose while expanding the freedom of monetary authorities in controlling policy instruments. Thus, the world has moved toward monetary frameworks in which, through appropriate institutional devices, a better trade-off between credibility of goals and ... Read more

    $10.99 CAD

  • Limiting Central Bank Credit to the Government: Theory and Practice

    by Carlo Mr. Cottarelli ...
    Series Book 110 - Occasional Papers
    This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit should be contsrained, and in which forms, and how to implement those constraints. ... Read more

    $9.99 CAD

  • Exchange Rate Analysis in Support of IMF Surveillance: A Collection of Empirical Studies

    by Charalambos Mr. Tsangarides, Carlo Mr. Cottarelli, Gian-Maria Mr. Milesi-Ferretti, Atish Mr. Ghosh ...
    Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to ... Read more

    $21.99 CAD

  • Inflation, Credibility, and the Role of the International Monetary Fund

    by Curzio Giannini, Carlo Mr. Cottarelli ...
    Series Book 98 - IMF Policy Discussion Papers

    $6.99 CAD

  • Fiscal Policy for the Crisis

    by Antonio Mr. Spilimbergo, Steven Mr. Symansky, Carlo Mr. Cottarelli, Olivier Blanchard ...
    Series Book 2008 - IMF Staff Position Notes
    The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy. ... Read more

    $6.99 CAD

  • Long-Term Trends in Public Finances in the G-7 Economies

    by Andrea Ms. Schaechter, Carlo Mr. Cottarelli ...
    Series Book 2010 - IMF Staff Position Notes
    Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber—rising in bad times but not declining much in good times. Alongside, primary spending increased, particularly during 1965–85, reflecting ... Read more

    $6.99 CAD