Categorie
Uncategorized

PANDEMIC PUBLIC DEBT – The Pandemic Public-Debt Dilemma (Michael Spence, Danny Leipziger, Project-Syndicate)

Much of the conventional wisdom about how governments should manage the COVID-19 economic fallout is perfectly appropriate for advanced economies, but dangerous elsewhere. Even if developing and emerging economies could simply borrow and spend more to weather the storm, doing so could jeopardize their long-term economic prospects.

https://www.project-syndicate.org/commentary/pandemic-spending-debt-dilemma-by-michael-spence-and-danny-leipziger-2020-12