…all Treasury debt held by entities other than the Treasury itself. The balances of Debt Held by the Public, Intragovernmental Holdings, and total Public Debt can be checked at the…

…issuing liabilities would be systematically able to snatch by switching exchange rate regime. Take a Eurozone country with a large public debt and a weak track record of monetary stability,…

Robert Waldmann A specter is haunting Paul Krugman — it is the specter of apparently sophisticated forecasters who predict a huge spike in US long term bond rates in the…

…is spending cuts.  Of course, lifting the debt ceiling is not an increase in spending.  It just allows the government to make payments on existing debt and to fund spending…

…financial services product in front of them when they’re concerned about their care doesn’t seem appropriate.” Debt Upon Debt Nationwide, about 50 million people — or 1 in 5 adults…

…Despite the relatively weak productivity gains, albeit positive I remind you, the standard of living has increased in line with other Eurozone economies, like France, and surpassed others, like Italy….

…good idea. In this case it is a terrible idea. Fatas wrote 2. Ben Bernankepoulos. Here is my second scenario: let’s have a Euro periphery country leave the Euro (or…

…today: 22.02 Here we go. Eurozone ministers agree on ways to cut Greek debt to 123/124pc of GDP by 2020, aiming to go close to 120pc. Eurozone in talks with…

…think the debt ceiling is a stronger lever. “The debt ceiling has a fair amount of leverage. It’s the only thing that I can think of for the foreseeable future…

…lower than the trend rate of growth of GDP. In that case it is possible to just roll over the debt forever and the debt (including the additional debt) shrinks…