As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in

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.

Addressing the global financial crisis has required fiscal intervention on a substantial scale by governments around the world. The consequent buildup of public

Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the me

Despite its beneficial aspects, public debt can be hazardous for macroeconomic performance should it reach unrepayable levels as a consequence of snowballing ex