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Debt and Macroeconomic Stability: Debt and the Business Cycle

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/debt-and-macroeconomic-stability-debt-and-the-business-cycle_5k8xb7613x9s-en.html
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Using a large panel of OECD countries this paper studies the link between debt and macroeconomic stability by comparing the evolution of balance sheet aggregates and economic output in high- and lowdebt environments. While the relationship between debt and economic growth has been extensively studied in the literature, only little attention has...
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