Benjamin M. Friedman

Mats Persson

Jonas Agell

In an age when public officials argue vehemently over the size and importance of the deficit of the United States government, this timely volume analyzes the problems involved with the rapid rise in government debt in countries all over the world since the 1970s. The authors focus on how debt management influences the financial sector as well as elements of the real economy such as output, capital formation, and consumption.

Mats Persson

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