Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …

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 …

quantitatively the extent to which debt outstandings in the 90s affected the firm's R&D activities. We find that massive debt … to the firm-level total factor productivity growth in the 90s. In fact, ten-percentage-point increase of debt-asset ratio …

debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

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 modeling does not take into … account debt as one of the crucial determinants of economic dynamics. The authors' contribution, in this paper, is to …

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …