Economic Growth
This new measure can tell us how much government debt is sustainable
A new measure of sovereign debt suggests that governments generally borrow close to the maximum sustainable level.
Michel Habib is Professor of Finance at the University of Zurich and member of the Swiss Finance Institute. His research interests are corporate finance and the theory of the firm. His research has appeared in a number of academic and practitioner publications, such as the Journal of Business, the Journal of the European Economic Association, the Journal of Finance, the Journal of Financial Intermediation, the Journal of Mathematical Economics, Management Science, the Review of Financial Studies, and the Journal of Applied Corporate Finance. He was director of NCCR FINRISK and is Research Fellow at the Center for Economic Policy Research and the Wharton Financial Institutions Center.
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