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U.S. debt crisis: Is the US facing a loss of confidence?

Author

Listed:
  • Harm Bandholz
  • Michael Menhart
  • Josef Braml
  • Bernd Weidensteiner
  • Eckhard Janeba

Abstract

Given the unresolved debt crisis in Europe, Harm Bandholz, UniCredit Bank, New York, believes that investors will continue to rely on tried and tested investments and will retain their confidence in US government bonds. For Michael Menhart, Munich RE, doubts remain about the long-term sustainability of the US growth model. However, focusing the discussion on the United States is not enough. For Josef Braml, Council on Foreign Relations (DGAP), Berlin, social and political conflicts will exacerbate the economic problems of the US, while Bernd Weidensteiner, Commerzbank, Frankfurt am Main, sees no debt crisis despite the increasing US financial burdens. According to Eckhard Janeba, University of Mannheim, economic difficulties are what lie behind the confidence problems in the US, which are causing confidence in the US to dwindle.

Suggested Citation

  • Harm Bandholz & Michael Menhart & Josef Braml & Bernd Weidensteiner & Eckhard Janeba, 2011. "U.S. debt crisis: Is the US facing a loss of confidence?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(17), pages 03-21, September.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:17:p:03-21
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    References listed on IDEAS

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    1. Joel Slemrod & Jon Bakija, 2008. "Taxing Ourselves, 4th Edition: A Citizen's Guide to the Debate over Taxes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693631, December.
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    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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