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?
The Great Debt Debate
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Fiscal Closing Time?
Fiscal Closing Time?
Oct 31, 2012 Jean Pisani-Ferry
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This Recovery is Different
This Recovery is Different
Sep 4, 2012 Daniel Gros
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Japan’s Fiscal Crisis Comes of Age
Japan’s Fiscal Crisis Comes of Age
Aug 13, 2012 Yuriko Koike
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The First World’s Fiscal Follies
The First World’s Fiscal Follies
Jul 19, 2012 Jeffrey Frankel
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Austerity and Debt Realism
Austerity and Debt Realism
Jun 1, 2012 Kenneth Rogoff
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Budgetary Wishful Thinking
Budgetary Wishful Thinking
Apr 12, 2012 Jeffrey Frankel
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