Bornhorst, F. and Ruiz Arranz, M., (2013), “The perils of private-sector deleveraging in the Eurozone”, VoxEU, 10 Νοεμβρίου.
Private and public debt in the Eurozone increased since the 2000s, and especially so in certain countries. This column presents evidence that high levels of private and public debt, together with deleveraging of all sectors, are especially harmful for economic growth. Private sector debt is more detrimental to growth than public sector debt. Therefore, policies aimed at reducing the private debt could yield important benefits.
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Σχετικές Αναρτήσεις
- European Commission, (2013), “EU 2013 Report on Policy Coherence for Development”, Commission Staff Working Document, SWD(2013) 456, Οκτώβριος.
- European Commission, (2013), European Economic Forecast – Autumn 2013, Brussels: European Commission.
- Corsetti, G., Kuester, K., Meier, A. and Müller, G., (2013), “Sovereign Risk and Belief-Driven Fluctuations in the Euro Area”, International Monetary Fund, IMF Working Paper, WP/13/227.