This paper compares the equilibrium dynamics of an economy facing an aggregate collateral constraint on external debt … central finding of the paper is that the economy with the aggregate borrowing limit does not generate higher levels of debt …

This book proposes a method for calculating China’s debt based on a quantitative econometric analysis. This is … conducted by measuring the relationship between China’s debt size and economic growth. The conclusion that is reached is as … follows: China’s current debt has already exceeded the inflection point, and that means that it is now having an adverse …

expansions in the small Euro-area open economies affected by high public and private debt. It is shown that the macroeconomic … outcome of fiscal shocks is strongly related to debt levels. The Euro-area countries included in the investigation are Greece … Debt Euro Area Countries -- 5 A Further Look To Macroeconomic Outcomes of Fiscal Austerity in High Debt Countries -- 6 Can …

between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

High levels of private debt stifle the economy -- The paradox of debt -- Policy solutions that won't work -- The path … to private debt jubilee -- The enigma of government debt. …"How we can stave off economic disaster by freeing millions from debt bondage." …