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Are advanced economies at risk of falling into debt traps? Bruegel Policy Contribution Issue No. 21, 10 November 2016

Dabrowski, Marek (2016) Are advanced economies at risk of falling into debt traps? Bruegel Policy Contribution Issue No. 21, 10 November 2016. [Policy Paper]

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    Abstract

    The gross general government debt-to-GDP ratios in many advanced economies have reached the highest levels in peacetime history and continue to grow, putting into question sovereign solvency in these economies. In case of new adverse shocks, whether economic or political, global or country-specific, which result in the deterioration of growth prospects or higher real interest rates, or both, the situation could easily get out control.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Nov 2016 09:28
    Number of Pages: 20
    Last Modified: 12 Feb 2018 15:47
    URI: http://aei.pitt.edu/id/eprint/81414

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