The Public Debt Problem

A Comprehensive Guide

Business & Finance, Economics, International Economics, Macroeconomics
Cover of the book The Public Debt Problem by P. Lemieux, Palgrave Macmillan US
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Author: P. Lemieux ISBN: 9781137313027
Publisher: Palgrave Macmillan US Publication: January 6, 2013
Imprint: Palgrave Macmillan Language: English
Author: P. Lemieux
ISBN: 9781137313027
Publisher: Palgrave Macmillan US
Publication: January 6, 2013
Imprint: Palgrave Macmillan
Language: English

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in America and reviews official forecasts for the federal government. The author carefully explains the main concepts (budget deficit, public debt, etc.) and analytical tools (discounting, government accounting, Treasury securities, bonds, yields, etc.) necessary to understand the issues.

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The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in America and reviews official forecasts for the federal government. The author carefully explains the main concepts (budget deficit, public debt, etc.) and analytical tools (discounting, government accounting, Treasury securities, bonds, yields, etc.) necessary to understand the issues.

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