An interesting paper on public-debt-and-risk-premium.
Stephen Grenville's america-s-fiscal-policy-rethink-reaches-japan should also be read in tandem.
Two comments.
The first articles misses the elephant in the room concerning public debt namely Japan. what about Ricardian Equivalence, Remember Kuttner and Posen did not find it in Japan and if you were going to find it anywhere than Japan was the [place
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