financial stress measure, the debt-to-GDP ratio, borrowing costs and real GDP growth. Our model allows for the impact of debt … low as opposed to the high-growth regime. We also find that positive shocks to debt/GDP depress economic growth and raise …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

the same time, private debt levels, particularly those of financial institutions and households, are in uncharted …, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of "financial repression" (which … had its heyday during the tightly regulated Bretton Woods system) also importantly facilitated sharper and more rapid debt …

public and private debts. Sometimes the debt restructuring is subtle and takes the form of, “financial repression.” In the … reduction in public debt/GDP ratios from the late 1940s to the 1970s. In this paper, we summarize our findings for the post …

, the positive impact of debt relief on low-income countries (LICs), and positive growth trends for the world economy … economies were able to reduce the vulnerabilities of their debt portfolios and debt management was being carried out under … favorable circumstances. Average maturities increased, reflecting increases in the maturities of new debt issuances, and …

public and private debts. Sometimes the debt restructuring is more subtle and takes the form of 'financial repression … facilitated a sharp and rapid reduction or 'liquidation' of public debt from the late 1940s to the 1970s. The restrictions or …

surplus. By the end of the year the debt-gdp ratio is likely to be about 66%- below the EU average and almost 30 points lower …