macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the … central issue addressed in this paper is how the accumulation of government debt affects long-term interest rates, both … more sustained debt accumulation leads at least temporarily to higher long-term interest rates. This transitory impact also …

macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the … central issue addressed in this paper is how the accumulation of government debt affects long-term interest rates, both … more sustained debt accumulation leads at least temporarily to higher long-term interest rates. This transitory impact also …

employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …

This paper analyzes Germany's fiscal policy position. Half of GDP passes through the hands of government, a high debt …

-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …