Cecchetti, Stephen G.; Mohanty, M. S.; Zampolli, Fabrizio - Bank für Internationalen Zahlungsausgleich <Basel> - 2010
Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they … are set to continue rising for the foreseeable future. A number of countries face the prospect of large and rising future … costs related to the ageing of their populations. In this paper, we examine what current fiscal policy and expected future …