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Resources

Consult Core Econ’s Fact checker for a detailed list of sources.

Exercises

  • Exercise 1: Debt-to-GDP ratio in other countries
  • Exercise 2: Plotting the dynamics of debt
  • Exercise 3: Using the debt dynamics equation
  • Exercise 4: Causes and consequences of sovereign default
  • Exercise 5: The role of fiscal councils

Figures

  • Figure 1: Gross and net debt as a share of GDP, selected countries, 2020.
  • Figure 2: Evolution of the debt-to-GDP ratio in the U.S. (expressed in percentage terms), 1790–2020.
  • Figure 3: Interest expense and government debt, 2007–2021.
  • Figure 4: Real interest rate estimated from inflation linked bonds in high-income economies and the U.S.
  • Figure 5: 700 years of global r−g for the now-advanced (high-income) economies.
  • Figure 6: Geometric representation of the debt dynamic equation.
  • Figure 7: Evolution of the debt-to-GDP ratio under different assumptions for d, g, and r.
  • Figure 8: Debt-to-GDP ratio in advanced and emerging economies.
  • Figure 9: Drivers of the increase of the debt-to-GDP ratio over 2019 to 2020.
  • Figure 10: Public debt ratio in Germany, 1910–1938.
Contents
Public debt
Insights
Public debt
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      1. Home — Insights
      1. List of resources
      2. Contents
      3. Highlights
      4. 1 Introduction
      5. 2 Concepts and distinctions
      6. 3 Public debt in history
      7. 4 The political economy of public debt
      8. 5 Analyzing debt dynamics
      9. 6 The unexplained part of public debt
      10. 7 How governments repay
      11. 8 And what happens when they don’t?
      12. 9 Rules and institutions for public debt management
      13. 10 Conclusion
      14. 11 Acknowledgements
      15. 12 References
      16. Glossary

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