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This volume presents a selection of contributions to the XXIV Villa Mondragone International Economic Seminar on “Public debt, global governance and economic
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This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost fo
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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many
Public Debt Through the Ages
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We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt
Global Trends 2025: A Transformed World
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NIC 2008-003. November 2008. Global Trends 2025 is the fourth installment in the National Intelligence Council-led effort to identify key drivers and developmen