TY  - BOOK
AU  - Brender,Anton
AU  -  Pisani,Florence
TI  - Should We Be Concerned about the High Burden of Public Debt? Lessons from the Japanese Case
PY  - 2022///.
							
N1  - 13
N2  - The steady rise in Japanese public debt is regularly a concern. Its role in managing the macroeconomic equilibrium – preventing growth from being stifled by an excess of private saving – is more rarely stressed. As long as private agents continue to want to spend less than they earn and to accumulate debt claims, it is futile to hope for a rapid fall in Japan’s public debt to GDP ratio. Still, the government faces a major challenge: being able to generate budget surpluses tomorrow if private agents decide to spend more than they earn by drawing on the deposits they have accumulated.Classification JEL: H50, H54, H60, H62, H63, H68
UR  - https://shs.cairn.info/journal-revue-d-economie-financiere-2022-2-page-121?lang=en&redirect-ssocas=7080
ER  -