The COVID-19 pandemic has triggered a massive increase in global debt levels and exacerbated the trade-offs between the benefits and costs of accumulating government debt. This paper examines these trade-offs by putting the recent debt boom into a historical context.
A Mountain of Debt
10-02-2022
Author(s): M. Ayhan Kose Franziska Ohnsorge Naotaka Sugawara
Publication Number: ECES-SB179
Issued in: 2021
