America’s Fiscal Follies are Dangerously in the Red
The Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in…
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Next Generation EU” spending plan: Towards strengthening or weakening the EU in the long run
Olympios Raptis // 1 July 2020 While the media, right and left-wing parties and the average newspaper reader celebrate in anticipation of “helicopter money”…
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The Fear Factor of Europe’s Public Debt
by Elisabeth Krecké Global debt has surged spectacularly in recent years and now stands at an all-time high of more than 322 percent of…
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Sustainable government debt – an old idea refreshed
New research from the Peterson Institute suggests bond yields may fall once more Demographic forces and unfunded state liabilities point to an inevitable…
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A world of debt – where are the risks?
Private debt has been the main source of rising debt to GDP ratios since 2008 Advanced economies have led the trend Emerging market…
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Benn Steil: Did Russia Really Dump Its U.S. Debt?
Russia dumped 84% of its American debt,” blared a July CNN headline. Russian central-bank head Elvira Nabiullina said the sales were just part of “diversifying the entire structure…
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The Benefits of Issuing Gold Bonds
A gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s…
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Italy and the repricing of European government debt
The yield spread between 10yr BTPs and Bunds widened 114bp in May Populist and anti-EU politics were the catalyst for this repricing of…
Read MoreThe National Debt Limit Equals a Balanced Budget
Once again the United States government is rapidly approaching a fiscal debt ceiling: After March 16, 2017, Uncle Sam will not be legally allowed…
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Benn Steil: China’s Bond Market Can’t Handle a Global RMB
The Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming…
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