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Debt and Macroeconomic Stability: Case studies

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Organisation for Economic Co-operation and Development2026-04-11 收录
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Accumulating debt raises concerns about its implications for macroeconomic stability. This paper sheds light on the implications of high indebtedness for the macroeconomic volatility by identifying the main drivers of the evolution of debt in a set of countries. The country choice was based on large deleveraging episodes of total economy debt,...
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