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Drawing on an expanded data set covering emerging markets and low-income countries as well as advanced economies, this text examines the extent and makeup of global debt and asks what role fiscal policy can play in facilitating the adjustment. The analytical framework explicitly models the interlinkages between private and public debt in analysing the role of fiscal policy in the deleveraging process.

Produktbeschreibung
Drawing on an expanded data set covering emerging markets and low-income countries as well as advanced economies, this text examines the extent and makeup of global debt and asks what role fiscal policy can play in facilitating the adjustment. The analytical framework explicitly models the interlinkages between private and public debt in analysing the role of fiscal policy in the deleveraging process.