Large Bank Supervision Forum eBook

Internal Use Only

How to Reduce Debt/GDP: • Fiscal Austerity Measures • Cut Government Spending • Increase Tax Revenues • Faster Economic Growth (faster than debt growth) • Negative Real Return on Bonds (interest rates < inflation rates)

Internal Use Only

How to Reduce Debt/GDP: • Fiscal Austerity Measures • Cut Government Spending • Increase Tax Revenues • Faster Economic Growth (faster than debt growth) • Negative Real Return on Bonds (interest rates < inflation rates) 1945 - 1975