Public Debts: Nuts, Bolts and Worries

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

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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