Debt Intolerance
We argue that "safe" external debt-to-GNP thresholds for debt intolerant countries . that is, to suffer a debt crisis.1 However, there has to date been no attempt to make these . debt intolerance can be explained by a very small number of variables . among advanced economies, Japan's current debt-to-GDP ratio, at 120 .
http://www.nber.org/papers/w9908.pdf
Government Debt
of government debt stimulates aggregate demand and economic growth in the short run but . 1We take GNP data from Berry (1978, table 1B) for 1791 to 1868, from . explain both how deficits affect national saving and how the change in saving . making it more vulnerable to a crisis of international confidence. The .
http://www.economics.harvard.edu/files/faculty/40_govdebt.pdf
THE MUFTIC FORUM - Questions and answers and selected blog ...
. Question: Ted, Explain GDP, GNP, and the significance of government debt . a major financial crisis like the one we just had is that when debt is not repaid .
http://www.mufticforum.com/fequently_asked_questions_definitions_and_explanations
