Publications

Policy Note 1999/4 | April 1999

Can Goldilocks Survive?

Growing government budget surpluses combined with growing trade deficits have generated record private sector deficits. Unless households continue to reduce their saving—creating an increasingly unsustainable debt burden—the impetus that has driven the expansion will evaporate.


Publication Highlight

Working Paper No. 1010
Reflections on Angela Merkel’s Career as Chancellor of Germany and the Greek Financial Odyssey
Author(s): George Zestos, Harrison Whittleton, Alejandro Fernandez-Ribas
September 2022

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