Public Debt Markets, Government Expenditures and Fiscal Prudence

The 4th International Conference on Sovereign Bond Markets. This year the focus of the conference is on the linkage between sovereign debt and real economic activity. To a certain extent, and at least in the short-run, public debt promotes economic growth given it allows the government to build infrastructure, provide health care, improve education and national job training efforts, all of which keep its citizens healthy and productive. That said, a common view is that too high a public debt level will impinge on overall economic growth in the long-run. However, not everyone agrees on the direction or cause of this correlation. This conference will analyze the causes and channels by which sovereign debt, unconventional monetary policies and economic growth are interlinked and their impact on savings, investments, capital markets, uncertainty, interest rates and liquidity both in developed and emerging countries.