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

George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow

Professor of Economics at the University of Bonn; CEPR Research Fellow

Emeritus Professor of International Economics, Graduate Institute, Geneva; CEPR Research Fellow

Malcolm Wiener Professor of Public Policy, Harvard Business School

Managing Director, Morgan Stanley Japan Ltd.


CEPR Policy Research