How can an economy be stabilised when there are high levels of public debt? In this video, Giancarlo Corsetti explains how central banks should have speculation under control. This video was recorded at the European Economic Association Congress held in Mannheim in August 2015.
Marcus Miller, Lei Zhang, 26 June 2014
Like banks, indebted governments can be vulnerable to self-fulfilling financial crises. This column applies this insight to the Eurozone sovereign debt crisis, and explains why the ECB’s Outright Monetary Transactions policy reduced sovereign bond spreads in the Eurozone.
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