considering an economy in steady state where all agents hold Barro expectations: they believe that government debt must …

-monetary sovereign debt. Three conditions must be satisfied for helicopter money always to boost aggregate demand. First, there must be …

In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk …' interest by the borrowing government at the time of debt repayment, which captures the lenders' trust in the government …'s propensity to repay the debt and is denoted as », also determines the default risk: a higher » means a lower default risk ceteris …

well as the concept of half- and full-debt-cycles are used to argue that the German current account deßcit can easily move …

We find that real interest rates paid on government debt depend significantly upon current and expected future levels … of debt, in Europe as in the US. But this result only emerges when we condition on foreign interest rates, illustrating … financial international integration. The previously strong effect of debt on US interest rates has been diluted by the addition …

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modelling does not take into … account debt as one of the crucial determinants of economic dynamics. Our contribution, in this paper, is to investigate the …