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28 April 2021

SUERF: Smoke and Mirrors: On cancelling public debts held by the Eurosystem

A number of economists have recently called on the Eurosystem to cancel the public debts on its books, claiming that this operation would be painless and would give governments much needed room for maneuver on the fiscal front. Jef Boeckx and Xavier Debrun show that debt cancellation would...
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