social system that is regulated by distinct rules that limit accumulation. There is nothing in Locke's initial argument that … allows for unbounded accumulation and consequent inequality. The justification for unbridled accumulation comes later, and … rests squarely on Locke's treatment of money as a non-exploitive institution. For Locke, money allows unlimited accumulation …

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

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

This paper provides additional evidence on the relationship between corporate taxes and debt using panel data on … time-series variation. The paper tests whether taxes encourage the use of debt by analysing incremental financing decisions … financing decisions. The MTR may either overstate or understate the fiscal benefit of debt financing according to whether, at …

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal …

This paper explores the evolution of American economic policy since the New Deal. It argues that an accumulation of …

supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4 …) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by …

, much of the rapid growth in credit has been in consumer loans. The authorities are monitoring high levels of household debt …

This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in … been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in … designing and implementing a comprehensive debt restructuring strategy and draws together some key principles. …