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Public Debt and Economic Growthinan Aging Japan

Public Debt and Economic Growth in an Aging Japan Toshihiro Ihori Faculty of Economics, University of Tokyo Ryuta Ray Kato Graduate School of International Relations, International University of Japan Masumi Kawade Faculty of Economics, Niigata University Shun-ichiro Bessho Policy Research Institute, Ministry of Finance, Government of Japan Abstract This paper examines the e¤ects of the…

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From financial crash to debt crisis

Newly developed long historical time series on public debt, along with modern data on external debts,allow a deeper analysis of the cycles underlying serial debt and banking crises. The evidence confirmsa strong link between banking crises and sovereign default across the economic history of great manycountries, advanced and emerging alike. The focus of the analysis…

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