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Why public assets are key to debt sustainability: A moral goal

Ian Ball, Dag Detter, Yannis Manuelides, Wang Yen  |  April 21, 2021

By Ian Ball, Dag Detter, Yannis Manuelides, and Wang Yen, includes “In thinking about the links between fiscal policy and bond markets, the focus has tended to be on debt. Typically, not much attention has been paid to explaining how any increase in government debt is accompanied by government asset accumulation and hence increases the government's net worth. …”

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