Long-Term Trends In Public Finances In The G-7 Economies
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Originally published | September 2010 |
Authors | Carlo Cottarelli |
Andrea Schaechter | |
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Date of Upd. | |
ID | 2369319 |
About Long-Term Trends In Public Finances In The G-7 Economies
Today's record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber—rising in bad times but not declining much in good times. . . .