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Public debt: virtue and vice of the government

Debt has been on a growing trend for years and the Covid pandemic has accelerated such trend. While there is widespread consensus that this was necessary, concern is rising in several economies about the ability of governments repay the debt, as well who will foot the bill. Anton Brender and co-authors take a close look at the role of debt in the economy and come up with a thought-provoking conclusion. What appears to be fiscal profligacy to some, can also be seen as a reaction to an ever-increasing demand for government debt: the ants need the grasshoppers. What does it mean for the current debate about sovereign debt in advanced economies, and especially in the EU?

October 18th, 2021 2:00 PM through  3:00 PM
CEPS (online),
Place du Congrès 1,
1000 Brussels,
Phone: +32 2 2293911
Event Info
Meeting ref
Responsible Mr. Daniel Gros
Secretary Ms. Veselina Georgieva