Transcript Document

COURSE “MACROECONOMIC POLICY”
PROF. MARTIN GILMAN
Master class
27 April 2015
US PUBLIC DEBT TO GDP SINCE 1970
US DEBT AND GDP SINCE 1952
US PRIVATE SECTOR FINANCIAL SURPLUS
US 10 YR TR SINCE 1800
US BUYBACKS AND DIVIDENDS
SINCE
2004
US cash holdings of companies from 1960
US CURRENT ACCOUNT SINCE 2000
OEСD DELEVERAGING SINCE 2000
ADVANCED ECONOMICS ARE THE MOST INDEBTED
IN THE WORLD
UK SECTORAL NET LENDING OBR
GLOBAL GROWTH (SOURCE IMF)
OECD TOTAL DEBT GDP SINCE 2000 WITH GERMANY
WHAT GREECE OWES AND WHEN?
HISTORICAL EXITS FROM ROGOFF AND REINHART
SOVEREIGN DEFAULT AND PRIMARY BUDGET
BALANCES OF SELECTED COUNTRIES