Geneva Report (Eichengreen et al.)

Public Debts: Nuts, bolts and worries by Barry Eichengreen, Robert Feldman, Jeffrey Liebman, Jürgen von Hagen and Charles Wyplosz. “The thirteenth Geneva Report on the World Economy examines the fiscal woes of the US, the EU and Japan. It offers a common political-economy framework to diagnose the need for fiscal consolidation. It proposes institutional solutions rooted in that diagnosis. Each faces serious medium term challenges, but they have arisen in different ways and admit of no common solution.”