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Language: en
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Language: en
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Type: BOOK - Published: 2019-10-21 - Publisher: Oxford University Press
The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking.
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Language: en
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Governments issue debt for good and bad reasons. While the good reasons—intertemporal tax-smoothing, fiscal stimulus, and asset management—can explain some