"Since 1999 the Geneva Reports on the World Economy, published jointly by CEPR and ICMB, have informed the highest calibre discussion and debate on global economics issues. The 16th issue delivers on this reputation: the Report provides an analysis of the role of debt dynamics in the recovery...

This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should governments eventually decide to do so. Orthodox ones for medium-term debt stabilization, the standard fare of officialdom, include enhancing growth, running primary...