Priewe, Jan - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 3, pp. 198-204
Implicit public debt is a calculation based on assumptions that are qualitatively and fundamentally different from … explicit public debt, i.e. it cannot be added to the latter. Moreover, they distort the real costs of ageing considerably. This … creates a mirage of public debt that drives fiscal policy in the wrong direction like a will-o’-the-wisp. The costs of …