Using a large panel of OECD countries this paper studies the link between debt and macroeconomic stability by comparing … between debt and economic growth has been extensively studied in the literature, only little attention has been paid to the … impact of debt on volatility and higher moments of output growth distributions. This paper fills in this gap. Debt …

debt levels are high, recessions tend to be more severe.<P>Dette et stabilité macroéconomique : Aperçu général des études …How does debt affect macroeconomic stability? The answer to this question has important implications, because both … public and private debt levels have reached historic highs across the OECD. While accumulating debt can help smooth real …

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …

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

imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy … rôle des marchés financiers et le manque de précision concernant les cibles de dette à atteindre. Il s’intéresse ensuite …

level of government debt, favourable outlook for output growth, and long-term fiscal costs of ageing which are estimated to … needed pension reform, would have substantial longer-term costs in terms of higher taxes and additional debt service costs …, including an increase in the risk premium paid on government debt. In addition, this would heavily skew the tax burden towards …

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …