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The Great Debt Debate

13 commentaries

In the wake of the global economic crisis, mounting public debt, whether stemming from fiscal stimulus or bank bailouts, has forced governments in Europe, Japan, and elsewhere to pursue fiscal consolidation, with more to come, including in the US. But is immediate fiscal consolidation a false panacea? At what point, and under what conditions, do high public-debt levels really matter?

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  1. Fiscal Closing Time?
    pa42c.jpg Paul Lachine

    Fiscal Closing Time?

    Oct 31, 2012 Jean Pisani-Ferry

  2. This Recovery is Different
    01c0080346f86f541436fb5a_pa3194c.jpg Paul Lachine

    This Recovery is Different

    Sep 4, 2012 Daniel Gros

  3. Japan’s Fiscal Crisis Comes of Age
    aba5250246f86fcc08ccc171_pa3301c.jpg Paul Lachine

    Japan’s Fiscal Crisis Comes of Age

    Aug 13, 2012 Yuriko Koike

  4. The First World’s Fiscal Follies
    pa4129c.jpg Paul Lachine

    The First World’s Fiscal Follies

    Jul 19, 2012 Jeffrey Frankel

  5. Austerity and Debt Realism
    jm3021c.jpg Jim Meehan

    Austerity and Debt Realism

    Jun 1, 2012 Kenneth Rogoff

  6. Budgetary Wishful Thinking
    89ae7f03f86387b404136300_pa2879c.jpg Paul Lachine

    Budgetary Wishful Thinking

    Apr 12, 2012 Jeffrey Frankel

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