Publication
18 Sep 2013
This paper looks at the response of the public sector to the sovereign debt crisis in the US, Japan and Euro area. The authors show why and how the public sector has increased its expenditure in these three economies and how their policy choices impact on global financial markets. In concluding, the authors underline that public debt must carefully find a balance between insufficient stimulus growth and excessive issuance and that policy-makers face difficult choices in finding and obtaining this balance.
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English (PDF, 136 pages, 2.0 MB) |
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Author | Anton Brender, Florence Pisani, Emile Gagna |
Series | CEPS Paperbacks |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2013 Centre for European Policy Studies (CEPS) |