Debt and Macroeconomic Stability: Debt and the Business Cycle
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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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...



