The COVID-19 pandemic has triggered a massive increase in global debt levels and exacerbated the trade-offs between the benefits and costs of accumulating government debt. This paper examines these trade-offs by putting the recent debt boom into a historical context. It reports three major findings. First, during the 2020 global recession, both global government and private debt levels rose to record highs, and at their fastest single-year pace, in...
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详细
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2021/10/08
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政策研究报告
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WPS9800
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1
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1
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2021/10/08
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Disclosed
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A Mountain of Debt : Navigating the Legacy of the Pandemic
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advanced economy