Global Economic Prospects: Fall 2011


September 9, 2011, 12:00 AM EDT
Peterson Institute for International Economics, Washington, DC
Michael Mussa (PIIE), Carmen M. Reinhart (Harvard University) and Simon Johnson (PIIE)

Event Summary

The Peterson Institute hosted its twentieth semiannual Global Economic Prospects program September 9, 2011. Senior Fellow Michael Mussa projected the world economy for the rest of 2011 and 2012. PIIE's new Dennis Weatherstone Senior Fellow Carmen M. Reinhart discussed the debt and deficit profiles facing the United States and their implications for the economic outlook. Senior Fellow Simon Johnson analyzed recent developments in the euro area both for the region itself and for the rest of the world.

Michael Mussa was chief economist at the International Monetary Fund (IMF) during 1991—2001 before joining the Institute and was previously a member of President Reagan's Council of Economic Advisers. Carmen M. Reinhart is the Dennis Weatherstone Senior Fellow at the Institute and has written widely on debt and deficits, most famously (with Kenneth Rogoff) This Time is Different: Eight Centuries of Financial Folly. Simon Johnson has been a senior fellow at the Institute since late 2008, after serving as chief economist at the IMF, and is also the Ronald A. Kurtz Professor of Entrepreneurship at MIT's Sloan School of Management.

Event Materials

Paper: Global Economic Prospects as of September 9, 2011: How Deep the Current Slowdown?
Michael Mussa
September 9, 2011

Presentation: Reflections on Debt: A Global Perspective [PDF]
Carmen M. Reinhart
September 9, 2011

Presentation: On the Brink [PDF]
Simon Johnson
September 9, 2011

Policy Brief 11-13: Europe on the Brink
Peter Boone and Simon Johnson
July 2011

Book: A Decade of Debt
Carmen M. Reinhart and Kenneth S. Rogoff
September 2011



About This Series

The Peterson Institute for International Economics holds its semiannual Global Economic Prospects each spring and fall to report its US and international economic outlook.