Fiscal Buffers, Private Debt, and Stagnation : The Good, the Bad and the Ugly /

We revisit the empirical relationship between private/public debt and output, and build a model that reproduces it. In the model, the government provides financial assistance to credit-constrained agents to mitigate deleveraging. As we observe in the data, surges in private debt are potentially more...

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מידע ביבליוגרפי
מחבר ראשי: Batini, Nicoletta
מחברים אחרים: Melina, Giovanni, Villa, Stefania
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2016.
סדרה:IMF Working Papers; Working Paper ; No. 2016/104
גישה מקוונת:Full text available on IMF