Long-Term Trends in Public Finances in the G-7 Economies photograph

Long-Term Trends In Public Finances In The G-7 Economies

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Originally published September 2010
Authors Carlo Cottarelli
Andrea Schaechter
Date of Reg.
Date of Upd.
ID2369319
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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. . . .

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