What will it take to stabilise debt in advanced countries?
Debt can be stabilised across advanced economies yet many face sizeable fiscal adjustments and rising vulnerability to market shifts. This paper analyses the prospects for
Then and now: A look back and ahead at the US federal budget
There is now widespread concern that the US faces an unsustainable fiscal future under current policies. The rise in the debt-to-GDP ratio since 2001 can
Africa’s domestic debt boom: New evidence from the African Debt Database
Africa’s total public debt has risen more than fourfold since the early 2000s, but just as important as the increase in debt volumes is the
What Germany’s medium-term fiscal plan means for Europe
EU leniency on Germany’s fiscal plan highlights rule rigidity and the need for reform to support investment. Germany’s July 2025 medium-term fiscal-structural plan exposes the
Fiscal stagnation
Public debt-to-GDP ratios have climbed to historic highs in most advanced economies. This column studies the connection between productivity growth, fiscal policy, and public debt.
