Public Debts: Nuts, Bolts and Worries

Barry Eichengreen, Jürgen von Hagen, Charles Wyplosz, Jeffrey Liebman, Robert Feldman, 16 September 2011



Table of Contents

1 Introduction and Overview

2 The Political Economy of Fiscal Consolidation

3 The United States: Can the 1990s Fiscal Rebalancing be Repeated?

4 Europe's Public Debt Challenge

5 Japan's Fiscal Woes

6 Recommendations

Professor of Economics and Political Science at the University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow
Managing Director, Morgan Stanley Japan Ltd.
Jeffrey Liebman
Malcolm Wiener Professor of Public Policy, Harvard Business School
Professor of economics at the University of Bonn; CEPR Research Fellow
Professor of International Economics, Graduate Institute, Geneva; Director, International Centre for Money and Banking Studies; CEPR Research Fellow