Climbing Out of Debt (Alesina et al.)

Climbing out of debt by Alberto Alesina, Carlo A. Favero and Francesco Giavazzi published by IMF (3/2018). “…That means interest payments, will eat up a growing share of government spending, leaving less money to deliver public services or take steps to ensure long-term economic growth, such as investing in infrastructure and education. Servicing debt will become a major burden.”

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