Introduction / Alberto Alesina and Francesco Giavazzi -- Government Spending and Private Activity / Valerie A. Ramey -- Comment: Roberto Perotti -- Fiscal Multipliers in Recession and Expansion / Alan J. Auerbach and Yuriy Gorodnichenko -- Comment: Robert E. Hall -- The Household Effects of Government Spending / Francesco Giavazzi and Michael McMahon -- Comment: Lawrence J.Christiano -- The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises / William Easterly -- Comment: Indira Rajaraman -- Game Over: Simulating Unsustainable Fiscal Policy / Richard W. Evans, Laurence J. Kotlikoff, and Kerk L. Phillips -- Comment: Douglas W. Elmendorf -- How Do Laffer Curves Differ Across Countries? / Mathias Trabandt and Harald Uhlig -- Comment: Jaume Ventura -- Perceptions and Misperceptions of Fiscal Inflation / Eric M. Leeper and Todd B. Walker -- Comment: Jordi Galí -- The 'Austerity Myth': Gain without Pain? / Roberto Perotti -- Comment: Philip R. Lane -- Can Public Sector Wage Bills Be Reduced? / Pierre Cahuc and Stephane Carcillo -- Comment: Paolo Pinotti -- Entitlement Reforms in Europe: Policy Mixes in the Current Pension Reform Process / Axel H. Börsch-Supan -- Comment: David A. Wise -- 'Fiscal Devaluation' and Fiscal Consolidation: The VAT in Troubled Times / Ruud de Mooij and Michael Keen -- Comment: James M.Poterba -- Fiscal Rules: Theoretical Issues and Historical Experiences / Charles Wyplosz -- Comment: Lucio R. Pench -- The Electoral Consequences of Large Fiscal Adjustments / Alberto Alesina, Dorian Carloni, and Giampaolo Lecce -- Comment: Thomas Romer.

HKBU library

YR2025 M09