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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Macroeconomic Aspects of International Trade and Finance x Prices, Business Fluctuations, and Cycles x clear all

The liquidation of government debt

Carmen M. Reinhart and M. Belen Sbrancia.

in Economic Policy

April 2015; p ublished online March 2015 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomics and Monetary Economics; Growth and Fluctuations; International Finance; National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 17204 words.

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression (FR), a tax on bondholders and savers via negative or...

What drives the German current account? And how does it affect other EU Member States?

Robert Kollmann, Marco Ratto, Werner Roeger, Jan in ’t Veld and Lukas Vogel.

in Economic Policy

January 2015; p ublished online December 2014 .

Journal Article. Subjects: Economics; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance; International Finance. 17734 words.

We estimate a three-country model using 1995–2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyse the determinants of Germany’s current account...