central government debt increases, on average, by about 86 percent. Thus the fiscal burden of banking crisis extends far …

--although advanced economies with higher debt levels may have been constrained in how they provided stimulus (with more below …

inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …

inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …

inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …

inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …

temptation to inflate. It suggests that when economic growth is stalled, the US debt overhang may induce an increase in inflation …Projections indicate the US Federal debt held by the public may exceed 70–100% of GDP within 10years. In many respects …, the temptation to inflate away some of this debt burden is similar to that at the end of World War II. In 1946, the debt …

unemployment, with its detrimental effect on human capital. In addition, paying off past debt will be painful to both the public … and private sectors, in particular in the context of a low inflation environment. The policy response in the Euro Area has …

symptoms, and common features (such as misguided financial regulation or inadequate supervision) which serve as amplifiers of …