output. These results hold for alternative forms of fiscal financing (lump-sum tax, distortionary tax and government debt) as …

rising public debt levels as so far, the stabilization of sovereign bond markets appears to hinge largely on the Eurosystem …'s role as a massive buyer of high-debt countries' sovereign bonds. …

Sovereign Debt Ratings: Is There Really Room for Bias? -- 3. Resilience in Spite of Controversy: Conditions for Bias in the … Credit Rating Industry -- 4. Trends in Sovereign Debt Ratings: Are There any Preliminary Signs of Bias? -- 5. Introducing …

"Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and … deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and … economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy …

comparably better with regard to the stabilization objective than budget or debt rules. …

This study presents the facts, arguments and scenarios around public debt from a global perspective. Especially the … largest economies feature record debt and fiscal risks, including from population ageing and financial imbalances. Given low … interest rates, there is no imminent problem. But at some point, debt will have to come down. There are four possible scenarios …