Europe and the United States: On the Fiscal Brink?

18 Pages Posted: 5 Jun 2013

Date Written: June 4, 2013

Abstract

What are the implications of Europe’s economic troubles for America? Several EU economies now face deep private and sovereign debt overhangs — a situation not unlike that in the United States, which also faces its own challenges with fiscal policy. How do the economic conditions in America and the EU compare in the short and longer terms? This article provides an overview of key indicators that summarize and help to project the two regions’ economic prospects.

Keywords: Financial crisis in the US and EU, similarities in economic recessions of USA and Europe

JEL Classification: O40, N60

Suggested Citation

Gokhale, Jagadeesh and Partin, Erin, Europe and the United States: On the Fiscal Brink? (June 4, 2013). Available at SSRN: https://ssrn.com/abstract=2274389 or http://dx.doi.org/10.2139/ssrn.2274389

Jagadeesh Gokhale (Contact Author)

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

Erin Partin

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

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