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Public Debt

A Five-Point Checklist To Prepare for Another Global Crisis

Marcelo Giugale | Posted 11.21.2011 | Business
Marcelo Giugale

Imagine you are minister of finance in an average developing country. Suddenly you learn that a new global crisis may be looming in the horizon.

'Credible Strategy' To Lower Debt Must Include More Revenue: IMF

Posted 11.20.2011 | Business

(Rachelle Younglai) - Any effort by the United States to pare its massive public debt without bringing in more revenue and tackling expensive bene...

Friday Talking Points -- Obama's Fourteenth Option

Chris Weigant | Posted 09.07.2011 | Politics
Chris Weigant

The silly season has come early to Washington, it seems. The root cause is a simple fact of American politics these days -- sometimes, there just can't be transparency.

U.S. Consumer Credit Rose By $5 Billion In May

Posted 09.07.2011 | Business

WASHINGTON (Glenn Somerville) - U.S. consumer credit rose by another $5.08 billion in May, according to a Federal Reserve report on Friday that su...

Krugman: Failure To Raise Debt Ceiling 'Not At All' Unthinkable

New York Times | Paul Krugman | Posted 08.31.2011 | Business

In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t rais...

Postcard From São Paulo: The Latest Global Fiscal News-and Some of It's Actually Good

Carlo Cottarelli | Posted 08.21.2011 | Business
Carlo Cottarelli

While many countries are slogging through a tough fiscal time, there is some good news, including in the United States where the deficit will be lower this year than previously expected.

Arthur Delaney

Why Don't Millionaires Who Want Higher Taxes Just Donate Money To The Government?

HuffingtonPost.com | Arthur Delaney | Posted 08.08.2011 | Politics

WASHINGTON -- The self-described Patriotic Millionaires who want the government to close its budget gaps with higher taxes on the rich think it's ridi...

Simon Johnson: What Europe Needs

Bloomberg | Simon Johnson | Posted 08.06.2011 | Business

Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...

Shifting Gears: Where the Rubber Meets the Fiscal Road

Carlo Cottarelli | Posted 06.13.2011 | Business
Carlo Cottarelli

Countries are starting the climb the fiscal adjustment mountain, cutting back government deficits and debt levels, but according to our analysis, current plans often aren't enough to get countries where they need and want to go.

Should The World Be More Like Belgium?

Posted 05.30.2011 | Business

BRUSSELS (Reuters) - This is a European country riven by ethnic tensions. Its public debt is almost as big as its total annual output and it's in ...

Latin America: Making the Good Times Better

Dominique Strauss-Kahn | Posted 05.25.2011 | Business
Dominique Strauss-Kahn

Latin America has enjoyed tremendous economic dynamism and a rising quality of life in recent years. But, faced with new challenges, the question is: how best to sustain this progress?

The Long and the Short of It -- Government Debt Plans in 2011 and Beyond

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

As we said in the just-published Fiscal Monitor update, fiscal policy this year in some leading advanced economies is shaping up to be quite different from what was expected just last November.

Time Waits for No Man: How to Secure Financial Stability in 2011

José Viñals | Posted 05.25.2011 | Business
José Viñals

In emerging markets, policymakers must act now to avoid future crises. It is important to maintain the appropriate mix of macroeconomic and prudential financial policies to deal with the challenges posed by capital inflows.

Watch this (Fiscal) Space: Assessing Room for Fiscal Maneuver in Advanced Countries

Jonathan D. Ostry | Posted 05.25.2011 | Business
Jonathan D. Ostry

Public debt sustainability in most advanced economies used to be a non-issue, or at most a back-burner one. A couple years back, if the topic came up,...

Response to David Stockman's 'Four Defamations of the Apocalypse'

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

David Stockman, a director of the Office of Management and Budget under President Ronald Reagan, is working on a book about the financial crisis and r...

IMF Sees Financial Risks Still Elevated

José Viñals | Posted 05.25.2011 | Business
José Viñals

If the legacy of the present crisis and emerging sovereign risks are not addressed, we run the very real risk of undermining the recovery and extending the financial crisis into a new phase.

Time to Plan for a Post-Keynesian Era

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

We need to reset our macroeconomic timetables. There are no short-term miracles, only the threat of more bubbles if we pursue economic illusions. The watchword must be investment rather than stimulus.

Why the United States Might Lose its AAA Rating

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

A downgrade of the AAA rating of the United States would have profound consequences on our international reputation and leadership. We certainly do not need the aggravation.

David Moss: Limiting Financial Leverage Is 'By Far The Most Important Thing We Can Do' To Prevent Another Crisis

baselinescenario.com | David Moss | Posted 05.25.2011 | Business

What will it take to prevent such a calamity from ever happening again? We should certainly address the bookends of the crisis: common-sense regulati...

Is the Next Financial Crisis Approaching? The Case of Public Debt

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

China and other foreign countries will not endlessly finance the US budget deficit; China recently sold $34 billion of American treasuries, and now holds less US debt than Japan.

Greece Evidences the Weaknesses of the Euro

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

Greece is, once again, on the verge of bankruptcy and, once again, is asking its European partners for help.