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The Global Outlook for Government Debt over the Next 25 Years: Implications for the Economy and Public Policy: Policy Analyses in International Economics 94
     

The Global Outlook for Government Debt over the Next 25 Years: Implications for the Economy and Public Policy: Policy Analyses in International Economics 94

by Joseph E. Gagnon
 

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This study addresses a fundamentally new feature of the contemporary world economy: the simultaneous buildup of very large public deficits and debt positions in virtually all of the advanced high-income countries. The recent global financial crisis sharply accelerated this fiscal deterioration, but it was already well underway in some countries, including the United

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