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Policies on sovereign debt. [PDF]
This paper seeks to convey four main messages. Because sovereign debt in advanced countries has reached unprecedented levels, there is more uncertainty than before on its future dynamics, and its impact on growth. As with any debt, it also creates the potential for increased financial fragility.
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CORPORATE FINANCIAL POLICIES—DEBT VERSUS EQUITY*
The Journal of Finance, 1975UNITED STATES nonfinancial corporations are constantly engaged in the task of ensuring the availability of the necessary flow of funds for their financial requirements. One purpose of this study is to review and present corporations' new issues by the type of instrument involved.
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INFLATION DEBT AND FISCAL POLICY ATTITUDES
Oxford Economic Papers, 1987porally optimal growth model, where the financing shares are precommitted away from zero and he shows that the existence of endogenous inflation taxes induces non-neutrality. Dornbusch (1977) also considered the mixedfinancing assumption using a non-optimal growth model and established non-neutrality and the increased possibility of instability when ...
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Public Debt and Public Debt Policy in Germany
1988In post-war Germany for a long period of time public debt was not a subject of economic policy discussion. Government debt related to war-financing had been almost completely cancelled out by the currency reform of 1948, and the new constitution required a balanced budget. Debt financing was only allowed for investment purposes. Accordingly public debt
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Monetary Policy and the Public Debt
The Journal of Finance, 1958BROADLY PUT, THIS thesis is a study of monetary and debt-management policies during the years 1940-55. The main point of focus is the controversy between the Treasury and the Federal Reserve. The thesis is divided into three parts. Part I covers the development of monetary and debt-management policies up until the time of the "accord." First of all, an
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Economic Outlook, 1993
As recovery begins, the level of outstanding debt and the weakness of the housing market remain a major constraint on consumer spending. In this invited article Gordon Pepper sets out what is the appropriate policy repsonse to the problem of debt‐deflation. In the Briefing Paper on page 39 Alistair Milne provides a detailed background.
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As recovery begins, the level of outstanding debt and the weakness of the housing market remain a major constraint on consumer spending. In this invited article Gordon Pepper sets out what is the appropriate policy repsonse to the problem of debt‐deflation. In the Briefing Paper on page 39 Alistair Milne provides a detailed background.
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Debt Overhang and Monetary Policy [PDF]
We study a theory in which households borrow during the first half of a 241-period life cycle as part of a DSGE. Households confront a persistent regime-switching process on aggregate labor productivity growth. When the economy switches to the high growth regime, there is more borrowing based on expectations of higher future income.
James Bullard +3 more
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Fiscal policy choices of local governments in China: Land finance or local government debt?
International Review of Economics and Finance, 2022Huan Meng
exaly
Government economic policy uncertainty and corporate debt contracting
International Review of Finance, 2022Hieu V Phan
exaly

