Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past … fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of … debt accumulation episodes in 100 emerging market and developing economies since 1970; a series of econometric models …

municipal mergers, control of municipal debt, taxes in general, the concept of user/payer, municipal equalization and … regroupement municipal, le contrôle de la dette municipale, l'assiette fiscale en général, l'utilisation de la tarification à l …

In this paper we model macroeconomic instability as the outcome of the dynamical interaction between debt accumulation …

. In particular, the article reveals that debt financed government spending is a viable stabilization tool and can improve …

.  Secondly, the optimal neutrality of government spending is robust to the issuance of public debt.  In the presence of debt …

leisure. Secondly, the optimal neutrality of government spending is robust to the issuance of public debt. In the presence of … debt government spending will deviate from the optimal steady-state but only to the extent required to cover the deficit …