interact in important and understudied ways. This paper examines the co-evolution of public and private sector debt in advanced … sector credit booms rather than from the expansion of public debt. However, we find evidence that high levels of public debt …) the path of recovery is worse still when a credit-fueled crisis coincides with elevated public debt levels. Recent …

interact in important and understudied ways. This paper examines the co-evolution of public and private sector debt in advanced … sector credit booms rather than from the expansion of public debt. However, we find evidence that high levels of public debt …) the path of recovery is worse still when a credit-fueled crisis coincides with elevated public debt levels. Recent …

interact in important and understudied ways. This paper examines the co-evolution of public and private sector debt in advanced … sector credit booms rather than from the expansion of public debt. However, we find evidence that high levels of public debt …) the path of recovery is worse still when a credit-fueled crisis coincides with elevated public debt levels. Recent …

The costs of wars have been the main driver of public debt in the Western World during the modern era. The late … twentieth century stands out as a period that saw a pronounced increase of government debt to GDP ratios in peacetime. This … paper assesses the role that financial crises have played in shaping the public debt trajectory in the twentieth century …

and understudied ways. This paper studies the co-evolution of public and private sector debt in advanced countries since … the expansion of public debt. However, we find evidence that high levels of public debt have tended to exacerbate the …