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Dr. Barry Eichengreen & Joseph Wang on Dollar Dominance, “Problematic” Levels of Government Debt, Modern Monetary Theory (MMT), and Central Bank Digital Currencies

Forward Guidance

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Political Polarization and Government Debt Levels

The chapter explores the relationship between political polarization and government debt levels, discussing the challenges of reducing debt after emergencies and the impact of polarization on debt consolidation efforts. It also highlights a successful example of debt reduction in Jamaica despite a heavy debt load.

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