equity capital, which we term macro-equity. This macro-equity will give dividends to its shareholders in times of public …. The use of macro-equity will reduce countries' stress, created by high public debt. With appropriate incentives, it may …

equity capital, which we term macro-equity. This macro-equity will give dividends to its shareholders in times of public …. The use of macro-equity will reduce countries’ stress, created by high public debt. With appropriate incentives, it may …