Using a large panel of OECD countries this paper studies the link between debt and macroeconomic stability by comparing … between debt and economic growth has been extensively studied in the literature, only little attention has been paid to the … impact of debt on volatility and higher moments of output growth distributions. This paper fills in this gap. Debt …

debt levels are high, recessions tend to be more severe.<P>Dette et stabilité macroéconomique : Aperçu général des études …How does debt affect macroeconomic stability? The answer to this question has important implications, because both … public and private debt levels have reached historic highs across the OECD. While accumulating debt can help smooth real …

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …

level of government debt, favourable outlook for output growth, and long-term fiscal costs of ageing which are estimated to … needed pension reform, would have substantial longer-term costs in terms of higher taxes and additional debt service costs …, including an increase in the risk premium paid on government debt. In addition, this would heavily skew the tax burden towards …

imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy … rôle des marchés financiers et le manque de précision concernant les cibles de dette à atteindre. Il s’intéresse ensuite …

The financial crisis that began in 2007 is especially a crisis in debt markets. A full understanding of what happened … in the financial crisis requires investigation into the plumbing of debt markets. During a financial crisis, when funds … market prices, with consequences that can echo into the real economy. This article will explain in concrete ways how debt …

Japan’s public debt ratio, currently about 230% of GDP. The findings indicate that fiscal consolidation amounting to around … productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio …% of GDP in 2035.<P>L'inquiétante évolution de la dette publique au Japon<BR>Ce document de travail présente la toile de …

planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro …’est actuellement le cas, de façon à ramener la dette au-dessous de 60 % du PIB d’ici 2020. Traditionnellement, la politique budgétaire …