The Resource Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics, Douglas Sutherland and Peter Hoeller, (electronic resource)

Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics, Douglas Sutherland and Peter Hoeller, (electronic resource)

Label
Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics
Title
Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics
Statement of responsibility
Douglas Sutherland and Peter Hoeller
Creator
Contributor
Subject
Language
eng
Summary
How does debt affect macroeconomic stability? The answer to this question has important implications, because both public and private debt levels have reached historic highs across the OECD. While accumulating debt can help smooth real activity, at high levels debt creates weaknesses in corporate, household and government balance sheets. High debt levels can create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks across the economy and internationally. The empirical evidence shows that high debt levels impair the ability of households and enterprises to smooth consumption and investment and of governments to cushion adverse shocks. The empirical evidence also suggests that when private sector debt levels, particularly for households, rise above trend the likelihood of recession increases. Furthermore, when debt levels are high, recessions tend to be more severe
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Sutherland, Douglas
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Hoeller, Peter
Series statement
OECD Economics Department Working Papers,
Series volume
no.1006
http://library.link/vocab/subjectName
  • Economics
  • Economics
Label
Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics, Douglas Sutherland and Peter Hoeller, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
826025935
Dimensions
21 x 30 cm
Extent
1 online resource 37 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k8xb75txzf5-en
Specific material designation
remote
System control number
(OCoLC)826025935
Label
Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics, Douglas Sutherland and Peter Hoeller, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
826025935
Dimensions
21 x 30 cm
Extent
1 online resource 37 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k8xb75txzf5-en
Specific material designation
remote
System control number
(OCoLC)826025935

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