motive for expectation management that aims towards the manipulation of equilibrium prices of government debt in a favorable …

We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where …

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 …

. Lavoie (1995) has proposed a Kaleckian ?Minsky-Steindl-model? of distribution and growth, incorporating the effects debt and … debt services have on short and long run capital accumulation. This attempt, however, can be extended because neither has … effects of debt and debt services are explicitly introduced, the effects of interest rate variations on the short and the long …

External finance is considered to devide into equity and debt finance. The criteria established to distinguish the two …

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 …

a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …