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: 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
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