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The Global Debt Crisis

Haunting U.S. and European Federalism

Paul E. Peterson (editor) Daniel Nadler (editor)

ISBN: 9780815704874

Publication Date: Jan 2014

Format: Paperback

Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the US. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to economic and political turmoil. Proposed solutions offer ways to and restore vibrant federal systems that meet the needs of communities struggling for survival in a global economy.
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Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems.

The attendant political controversies have become the debate of a generation. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to
economic and political turmoil. Proposed solutions offer ways to preserve and restore vibrant federal systems that meet the needs of communities struggling for survival in an increasingly unified global economy.

Contributors: Andrew G. Biggs (American Enterprise Institute); César Colino (National Distance Education University, Madrid, Spain); Eloísa del Pino (Instituto de Políticas y Bienes Públicos, Madrid, Spain); Henrik Enderlein (Hertie School of Governance, Berlin, Germany); Cory Koedel (University of Missouri, USA); Carlos Xabel Lastra-Anadón (Harvard University, USA); Daniel Nadler (Harvard University, USA); Shawn Ni (University of Missouri, USA); Amy Nugent (Government of Ontario, Canada); James Pearce (Mowat Centre, University of Toronto, Canada); Paul E. Peterson (Harvard University, USA); Michael Podgursky (University of Missouri, USA); Jason Richwine (Washington, D.C. USA); Jonathan Rodden (Stanford University, USA); Daniel Shoag (Harvard University, USA); Richard Simeon (University of Toronto, Canada); Camillo von Müller (University of St. Gallen, Switzerland, and Leuphana University, Germany); Daniel Ziblatt (Harvard University, USA)
Language English
Pages 240
Dimensions 229 x 152
Date Published 30 Jan 2014
Publisher Brookings Institution Press
Subject/s Economics   Politics & Government   Financial crises & disasters   Political economy   Political structure & processes  
Paul E. Peterson is the Henry Lee Shattuck Professor of Government and director of the Program on Education Policy and Governance at Harvard University, USA and a senior fellow at the Hoover Institution. His many books include The Price of Federalism (Brookings).

Daniel Nadler is a visiting scholar at the Federal Reserve and a Ph.D. candidate at Harvard University, USA.

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