different over-indebtedness indicators and specifications. Interestingly, we find similar results for secured debt only. Turning …

of EU MMFs at a daily frequency. First, we find that investment in private debt assets exposes MMFs to liquidity risk …. Second, we find that low volatility net asset value (LVNAV) funds, which invest in non-public debt assets while offering a … the EU MMF sector and call for a strengthened regulatory framework of private debt MMFs. …

This paper aims to address the issue of public pension reforms under demographic ageing that is likely to occur in … key economic variables such as consumption, private and public debt, output and wages. Quantitative experiments assess the … impact of different fiscal policies in terms of public debt sustainability but most importantly suggest policies that smooth …

the economy. We show that if (i) a significant share of the debt is denominated in foreign currency-creating a currency … tilts the debt profile towards short term debt, thereby increasing the volatility of output. Taking the model implications …

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries … positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The …