Does the debt wall exist ?
The public debt wall is the feeling of excessive constraint limiting the government’s ability to carry out its policies. Too much debt would limit its capacity for action. Public debt…
A dynamic and cyclical approach to the global economy
The public debt wall is the feeling of excessive constraint limiting the government’s ability to carry out its policies. Too much debt would limit its capacity for action. Public debt…
The public debt wall is not yet a reality, nor is the call for the IMF to manage French public finances. The state is not unable to meet its commitments.…
Swiftly expanding public debt to support macroeconomic adjustment is entirely warranted to tackle the pandemic, and this process is facilitated by mammoth intervention from the central banks. Meanwhile, low interest…
I wish you all a very happy and healthy new year. May you and your loved ones start the year ahead in the best possible circumstances. This year is set…
Public debt would be at its highest in 2021, higher than at the end of World War II. Growth will not make it possible to reduce the ratio of public…
I look forward to the day my grandchildren ask me “Why didn’t you invest when interest rates were negative? It could have limited global warming as we burn today. ”…
Bottom line: the cost of public debt may be substantially smaller than current consensus. Therefore austerity policy is never the answer as it is too costly Olivier Blanchard presidential address…
Despite the agreement between the Italian government and the European Commission, the question of the Italian public debt sustainability is not solved. The marginal move from the government (reducing its…
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