Posts tagged 'National Debt'

Why the level of government debt may not matter

The following is the conclusion from an NBER paper by Anmol Bhandari, David Evans, Mikhail Golosov and Thomas J. Sargent. Published in September, it looked at the relationship between taxes, debts and wealth transfers, and how economic context effects them.

In other words, when it can, or cannot, be helpful to run high debt. Read more