Good debt scrabble economy




此外,真正影响一国公债负担的是预期年债务维持成本。丹尼尔·格罗斯(Daniel Gros)最近指出,可以以零利率无限展期的债务根本就不是债务。这是一个极端的例子;但固定利率越接近于零、期限越长,债务存量的负担也就越轻。

To continue reading, please log in or enter your email address.

To read this article from our archive, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.


By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.