Eichengreen, Barry - In: CESifo forum : a quarterly journal on European issues 23 (2022) 1, pp. 3-8
During the pandemic, governments increased their expenditures drastically. According to IMF projections, the debt-to-GDP ratio in advanced countries will be 18 percentage points higher by the end of 2021 than before the pandemic and 10 percentage points higher in emerging markets. With rising...