Debt and Economic Performance

国际图书馆啊f Critical Writings in Economics series

Edited by Cristina D. Checherita-Westphal, Principle Economist, Fiscal Policies Division, Directorate General Economics, European Central Bank, Frankfurt am Main, Germany

This compelling volume touches on the contemporary debates in macroeconomics that have consequentially emerged as a result of government debt. Should governments tolerate high public debt or become more indebted given the now prevailing low interest rates? Or is high public debt bad for private sector confidence and growth, by feeding uncertainty, expectation of future tax hikes and an imminent collapse in the wake of the next crisis? This volume presents a collection of articles reflecting on these complex and intriguing topics. Prefaced by an original introduction from the editor, this collection will be useful for policy makers and academics alike, while being particularly suited for those wishing to explore this exciting research area further.