Public Debt (Blanchard)

Public debt and low interest rates by Olivier Blanchard published by The American Economic Review (2019). “The question this paper asks is what the implications of such low rates should be for government debt policy. It is an important question for at least two reasons. From a policy viewpoint, whether or not countries should for at least two reasons. From a policy viewpoint, whether or not countries should reduce their debt, and by how much, is a central policy issue…”

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