This book comprises four chapters, each of which examines public
debt from a specific economic perspective. Chapter 1 studies
potential fiscal externalities of the public debt in the framework
of a monetary union. Chapter 2 examines the theoretical literature
concerning how and if public debt impairs economic growth and finds
no univocal and straightforward answer. Chapter 3 discusses the
economic impact of the SARS-CoV-2 virus and addresses the question
of whether limits to public debt ought to be respected or
disregarded in the face of huge unemployment, collapsing tax
revenues, and generous public expenditure programs. Lastly, Chapter
4 analyzes the response of central banks in emerging inflation
targeting countries with floating exchange rates to changes in
public debt.
General
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