The constraint on public debt when r < g but g < m

In many countries, yields have even been negative for some years, sparing them the explosion in public debt-to-GDP ratio that could happen with higher yields. Ricardo Reis discusses why this is so, and implications for governments going forward.

Read the Study

Image courtesy of interviewee

Leave a Reply

Your email address will not be published.

You have insight(s) remaining for this month. Register for free and view thousands of insights in our archive today. Subscribe for unlimited access.
Copyright © Faculti Media Limited 2022. All rights reserved.

Add the Faculti Web App to your Mobile or Desktop homescreen