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PSL Quarterly Review, 2023 Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after
Eckhard Hein +2 more
doaj +1 more source
Greek Debt: The Endgame Scenarios [PDF]
, 2011 Perhaps Greece -- a country with a debt to GDP already approaching 150 percent and set to move even higher -- avoids a debt restructuring. Perhaps not.
Buchheit, Lee C., Gulati, Mitu
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Medical Debt in the US, 2009-2020.
Journal of the American Medical Association (JAMA), 2021 Importance Medical debt is an increasing concern in the US, yet there is limited understanding of the amount and distribution of medical debt, and its association with health care policies. Objective To measure the amount of medical debt nationally and
Raymond Kluender +3 more
semanticscholar +1 more source
Columbia Journal of Tax Law, 2021 The federal income tax conceptualizes the standard loan transaction as an exchange of cash for promises to pay interest and to repay the amount borrowed by the end of the term. This formulation is subtly incorrect in ways that have led to a weaker foundation for existing tax rules than they merit. Conceptualizing loans instead as closely akin to leases
openaire +3 more sources
Global Waves of Debt: Causes and Consequences
, 2021 ADVANCE EDITION OF BOOK EXPECTED IN 2020. The global economy has experienced four waves of debt accumulation over the past fifty years. The first three debt waves ended with financial crises in many emerging and developing economies.
M. Kose +3 more
semanticscholar +1 more source
Debt Seniority and Sovereign Debt Crises [PDF]
IMF Working Papers, 2018 Is the seniority structure of sovereign debt neutral for a government’s decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an optimal haircut to bondholders. We show that when the size of
Ari, A., Corsetti, G., Dedola, L.
openaire +5 more sources
Dette et droits. Que signifie « payer sa peine » dans les prisons de Brasília
Brésil(s), 2023 In this article, we present an ethnographic material and our interpretations of the meanings that people deprived of liberty in Brasília (Federal District) give to their daily experiences, paying particular attention to ...
Carolina Barreto Lemos, Marcus Cardoso
doaj +1 more source
Public Debt and Low Interest Rates
The American Economic Review, 2019 This lecture focuses on the costs of public debt when safe interest rates are low. I develop four main arguments. First, I show that the current US situation, in which safe interest rates are expected to remain below growth rates for a long time, is more
Olivier J. Blanchard
semanticscholar +1 more source
“External Debt, Domestic Investment and Economic Growth in Cameroon” A system Estimation Approach [PDF]
, 2015 The feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition.
FORGHA, Njimanted G. +2 more
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Public Debt as Private Wealth [PDF]
, 2004 Government bonds are interest-bearing assets. Increasing public debt increases income, wealth, and consumption demand. The smaller government expenditure is, the larger consumption demand must be in equilibrium, and the larger must be public debt ...
Schlicht, Ekkehart
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