Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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How does debt affect macroeconomic stability? The answer to this question has important
implications, because both public and private debt levels have reached historic highs across the OECD.
While accumulating debt can help smooth real activity, at high levels debt creates weaknesses in corporate,
household and government balance sheets. High debt...
