Batini, Nicoletta, Melina, Giovanni, Moreno Badia, Marialuz, Villa, Stefania, (2017), «The Role of Fiscal Policy When Private Debt is High», EconoMonitor, 15 Μαρτίου
Excessive private debt is a major headwind against the global recovery. Where fiscal space is available, a more active role of fiscal policies can facilitate an orderly private deleveraging while minimizing its output costs. However, fiscal policy cannot do it alone; it has to be supported by complementary policies within credible frameworks.
- Andrésa, Javier, Boscáb, José E., Ferric, Javier, (2016), «Instruments, rules, and household debt: the effects of fiscal policy», Oxford Economic Papers, 4 Φεβρουαρίου
- Nicoletta Batini, Giovanni Melina, Stefania Villa, (2016), «Fiscal Buffers, Private Debt, and Stagnation : The Good, the Bad and the Ugly», IMF WP No. 16/104