2020 shock -> public debt/gdp ratios have surged. In Euro are from c. 85% to 100%. How much of that is due to new debt and how much to fall in gdp. @ecb has done the decomposition. Answer? c. 2/3 new debt v. 1/3 gdp.
ecb.europa.eu/pub/financial-… https://t.co/62iQSnOl6T
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…