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Public debt: Safe at any speed?

Author

Listed:
  • Xavier Debrun

    (National Bank of Belgium)

  • Mariusz Jarmuzek
  • Anna Shabunina

Abstract

In many advanced economies, public debt has been flirting with historic highs or even exceeded them, while interest rates have remained historically low, raising deep questions about the actual risks of funding large-scale post-Covid recovery plans with additional borrowing.

Suggested Citation

  • Xavier Debrun & Mariusz Jarmuzek & Anna Shabunina, 2020. "Public debt: Safe at any speed?," Economic Review, National Bank of Belgium, issue ii, pages 97-130, september.
    • Handle: RePEc:nbb:ecrart:y:2020:m:september:i:ii:p:97-130
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    File URL: https://www.nbb.be/en/articles/public-debt-safe-any-speed
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    Cited by:

    1. Kose, M. Ayhan & Kurlat, Sergio & Ohnsorge, Franziska & Sugawara, Naotaka, 2022. "A cross-country database of fiscal space," Journal of International Money and Finance, Elsevier, vol. 128(C).
    2. Barbara Annicchiarico & Fabio Di Dio & Stefano Patrì, 2023. "Optimal correction of the public debt and measures of fiscal soundness," Metroeconomica, Wiley Blackwell, vol. 74(1), pages 138-162, February.
    3. Ms. Anja Baum & Andrew Hodge & Ms. Aiko Mineshima & Ms. Marialuz Moreno Badia & Rene Tapsoba, 2017. "Can They Do It All? Fiscal Space in Low-Income Countries," IMF Working Papers 2017/110, International Monetary Fund.

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