debt crisis, and we attempt to gauge the extent to which they would have received greater benefits if policies that improve …

Household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented … level of debt might pose a risk to the financial health of American households and ultimately lead them to curtail their … spending. In this paper, I summarize some of the relevant facts concerning the growth of consumer credit and the household debt …

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 run and …

behind a subordinated debt policy, and presents an extensive summary of existing policy proposals. The study then reviews the … should be required; the maturity, optionality, interest rate cap, and other possible features of the debt instrument; the … implementing a mandatory subordinated debt policy. Because the overall purpose of the study is to conduct a broad review and …

This paper is a general discussion of debt conversions in heavily indebted developing countries. The paper first … describes the three different types of transactions that are commonly called debt conversions. Next the paper discusses programs …, including: the effect of debt conversions on the structure of debtor countries' external liabilities, the incentives debt …

effects of the international debt crisis which began in 1982. However, these theories have not been tested against the … declines. This paper is based on the idea that if the debt theories are true, then forecasts of investment in the 1980s which … do not use debt variables should not perform very well. This paper points out that such forecasts perform surprisingly …

information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity … information in explaining debt maturity. …