Results 21 to 30 of about 1,575,978 (352)
On the Determination of the Public Debt
Journal of Political Economy, 1979 A public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence excess burden on the timing of taxation implies an optimal time path of debt issue. A central proposition is that
R. Barro
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Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link [PDF]
SSRN Electronic Journal, 2005 Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth relationship varies with indebtedness levels and other country characteristics in a panel of developing countries.
Tito Cordella +2 more
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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
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Finance and Economics Discussion Series, 1998 This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short ...
Elmendorf, Douglas W., Mankiw, N
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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
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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
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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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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
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Examining the debt implications of the Belt and Road Initiative from a policy perspective
Journal of Infrastructure Policy and Development, 2019 China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to ...
J. Hurley +2 more
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