Corsetti, Giancarlo and Codogno, Lorenzo (2022) Shifts in expectations may undermine debt sustainability. VoxEU (03 Nov 2022). Blog Entry.
Full text not available from this repository.Abstract
Over the past few years, the ECB purchased large quantities of government bonds, and interest rates were below zero. This column argues that sustainability analysis was therefore de facto suspended and financial markets were under anaesthetic, but the fundamental drivers of debt sustainability have now returned. A shift in expectations to higher equilibrium interest rates and lower economic growth may push debt dynamics into a bad equilibrium
| Item Type: | Online resource (Blog Entry) |
|---|---|
| Official URL: | https://voxeu.org/ |
| Additional Information: | © 2022 The Author(s) |
| Divisions: | European Institute |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| Date Deposited: | 15 Jul 2024 09:48 |
| Last Modified: | 11 Dec 2024 21:28 |
| URI: | http://eprints.lse.ac.uk/id/eprint/124249 |
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