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Government guarantees can help persuade private investors to finance valuable new infrastructure. But because their costs are hard to estimate and usually do not show up in the government's accounts, governments can be tempted to grant too many guarantees. Drawing on a diverse range of disciplines, including finance, history, economics, and psychology, 'Government Guarantees' aims to help governments give guarantees only when they are justified. It reviews the history of government guarantees and identifies the cognitive and political obstacles to good decisions about guarantees. It then...

Public-private partnerships (PPPs) are popular around the world, in part because they allow governments to secure much-needed investment in public services without immediately having to raise taxes or borrow. Yet, PPPs pose a fiscal danger because a government's desire to avoid reporting immediate liabilities may blind it to future fiscal cost and risks. Although PPPs may not blemish governments' reported fiscal statements in the short term, they do create fiscal obligations. This increases fiscal vulnerability and can result in poorly-designed PPPs. The extent of the danger depends on the...

By age 30, between 68 and 75 percent of young men in the United States, with only a high school degree or less, are fathers. This volume provides practical, policy-driven strategies to address the national epidemic of disadvantaged young fathers and the challenges they face in raising and supporting their children. National experts discuss the issues of immediate concern to those working to reconnect disengaged dads to their children and improve child and family economic and emotional well-being. Each chapter was presented at a working conference organized by Institute for Research on Poverty...

By age 30, between 68 and 75 percent of young men in the United States, with only a high school degree or less, are fathers. This volume provides practical, policy-driven strategies to address the national epidemic of disadvantaged young fathers and the challenges they face in raising and supporting their children. National experts discuss the issues of immediate concern to those working to reconnect disengaged dads to their children and improve child and family economic and emotional well-being. Each chapter was presented at a working conference organized by Institute for Research on Poverty...