, the problem will be inflation if sufficient resources cannot be diverted to the GND. And if inflation is likely, we need … voluntary saving. Following Keynes, we recommend deferred consumption as our first choice should inflation pressures arise. We … conclude that it is likely that the GND can be phased in without inflation, but if price pressures do appear, deferring a small …

The paper analyses 19760/70s inflation, the replacement of Keynesian with neo-liberal economic policy, and the post …-1979 decline in inflation. It is shown that the fall in inflation is explained by trends in import prices rather than by … understanding of the institutional roots of inflation …

archive of more than 300 sovereign debt restructurings since 1815, we show that full repudiation is rare; the median haircut …

markets. Subsequently, the European government debt crisis that started in 2010 stimulated initiatives to strengthen economic …