In defense of public debt / Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves and Kris James Michener.
Tipo de material:
TextoDetalles de publicación: New York, NY : Oxford University Press, [2021]Descripción: vii, 305 páginas : gráficasISBN: - 9780197577899
- 336.34 E42i
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Bogotá - Sede Central | General | 336.34 E42i (Navegar estantería(Abre debajo)) | 1 | Disponible | 141591 |
Incluye índice.
Bibliografía : p. 267-289.
"Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education and healthcare. In these ways, the capacity to issue debt has been integral to state building.
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