Due to the long-standing debate about the pros and cons of using public debt as a policy tool, we know a lot about what …, in the literature on the political economy of public debt there are relatively few empirical studies which investigate … the obvious research question of what citizens think about public debt; though citizens’ opinions are likely to be …

Due to the long-standing debate about the pros and cons of using public debt as a policy tool, we know a lot about what …, in the literature on the political economy of public debt there are relatively few empirical studies which investigate … the obvious research question of what citizens think about public debt; though citizens’ opinions are likely to be …

). Finally, to conceive money from debt begs the question of the access to the means of settlement of those who have been …

implementation. This is also the case for a new constitutional rule in Germany, referred to as a debt brake (Schuldenbremse), which …, the costs and benefits of a credibly announced but lagged deficit or debt ceiling. I show that a balanced-budget rule is …, the first best cannot be reached at all. By contrast, a constitutional limit on the future debt level is more effective …

the financial crisis affected deficit figures. In the next section, the change in government debt is examined as a … comparison with the deficit figures could provide further information on the financing of subnational government deficits. The … authors assess which part of subnational government debt is held by other subsectors of government and go on to examine the …

the financial crisis affected deficit figures. In the next section, the change in government debt is examined as a … comparison with the deficit figures could provide further information on the financing of subnational government deficits. The … authors assess which part of subnational government debt is held by other subsectors of government and go on to examine the …

The sovereign debt crisis in Greece represents a very interesting case in which the Greek government succeeded in … pitfalls of the €110 billion EU/IMF rescue package granted to Greece are examined. It is argued that the government’s focus on …

Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created … the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making … level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed …

Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created … the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making … level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed …

In Greece and other countries of the eurozone there are a number of misconceptions about the debt crisis. I argue …