New Government Report: Sovereign Debt (SD) in Advanced Economies
by Rebecca M. Nelson
Paperback, 31 pages, 2011, $20.00
SD, also called public debt or government debt, refers to debt incurred by governments. Since the global financial crisis of 2008-2009, public debt in advanced economies has increased substantially. A number of factors related to the financial crisis have fueled the increase, including fiscal stimulus packages, the nationalization of private-sector debt, and lower tax revenue. Even if economic growth reverses some of these trends, aging populations in advanced economies are expected to strain government debt levels in coming years. Contents of this report: Definition and Concepts; Trends in SD; Addressing High Debt Levels; Is the U.S. Headed for a Eurozone-Style Debt Crisis?; Implications for the U.S. Economy; U.S. Bank Exposure Overseas.
Entry filed under: New Government Reports. Tags: congressional research service, crs, debt, economic crisis, eurozone, fiscal stimulus, government, government debt, imf, international monetary fund, report, sovereign debt, stimulus, wb, world bank.