Subscribe to The Informer for monthly expert analysis, and to Events for advance notice of visiting world leaders and distinguished guests.
You may unsubscribe from Lowy Institute newsletters at any time. For information on our privacy practices and how to unsubscribe, see our Privacy Policy.
Subscribe to The Informer for monthly expert analysis, and to Events for advance notice of visiting world leaders and distinguished guests.
You may unsubscribe from Lowy Institute newsletters at any time. For information on our privacy practices and how to unsubscribe, see our Privacy Policy.
One important outcome of the Great Recession has been the rapid accumulation of government debt in many of the world’s developed economies. This growing debt burden represents a potential threat to economic stability, and as a result, the focus of fiscal policy is now shifting from stimulus to consolidation. In a new paper prepared for the 10th anniversary meeting of the Asian Economic Panel held in New York in March this year, Warwick McKibbin and Andrew Stoeckel examine the national and global consequences of fiscal consolidation.
About the authors
Warwick McKibbin
Professor Warwick McKibbin was a Professorial Fellow at the Lowy Institute for International Policy until October 2012.
Topics
