Reducing Government Debt, But How? When Consolidation Helps and When It Doesn't


3 pm CET





If you want to reduce public debt, you have to cut spending and increase taxes. Or not? The economists of the International Monetary Fund have evaluated a number of consolidation attempts worldwide for the latest World Economic Outlook. And the results are anything but clear. Often, debt is no lower after consolidation than before. We invited co-author and IMF economist Adrian Peralta-Alva to discuss this at our next New Economy Short Cut with Achim Truger from the German Council of Economic Experts and Philippa Sigl-Glöckner from Dezernat Zukunft.


We cordially invite you to join us. The Short Cut will be held in English.

Adrian Peralta-Alva

is Deputy Division Chief in the Research Department of the IMF. Prior to joining the IMF Mr. Peralta was Professor of Economics in the University of Miami. His areas of research include monetary economics and macro distributional issues.

Achim Truger

has been a member of the Council of Economic Experts since March 2019. Since April 2019, he has been Professor of Socioeconomics, with a focus on government activity and public finances, at the University of Duisburg-Essen.

Philippa Sigl-Glöckner

is founder and director of the think tank Dezernat Zukunft, which works to rethink monetary, financial, and economic policy.