Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the me

Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarant

As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in

Addressing the global financial crisis has required fiscal intervention on a substantial scale by governments around the world. The consequent buildup of public

This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost fo