11
14:15 - 15:45
IWH Research Seminar
Jan
2016
14:15 - 15:45
Financial Integration and the Growth of Public Debt
We show that in the overlapping generations model, global financial integration may lead to higher levels of public debt by externalizing its crowding-out effect.
Who
(University of Nottingham)
Where
We show that in the overlapping generations model, global financial integration may lead to higher levels of public debt by externalizing its crowding-out effect. Another implication is that cross-country studies will understate the negative effect of public debt on economic growth if debt markets are globally integrated.
Whom to contact
Economist
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