Voltaire Network

M S Mohanty

Head of the Macroeconomic Analysis Unit at the Bank for International Settlements (BIS).

1 articles

The future of public debt: prospects and implications

by The Bank for International Settlements ( BIS) , Fabrizio Zampolli, M S Mohanty, Stephen G Cecchetti

12 April 2010

The effects of the economic crisis on the developed countries are much deeper than political pundits would have us believe. Accordingly, in 2011, the United States will have a public debt comparable to its GNP. Due to population ageing in most Western countries, forecasts say that deficits will (…)