Workshop: Public debt and economic growth

The workshop will discuss the link between public debt and economic growth in view of the unprecedented rise in public indebtedness in developed economies. The workshop will focus on three main questions: 1.What effects can be expected from high public debt on the long-run growth performance? 2.What level of public debt governments should aim to attain in order for fiscal consolidation to be optimal both from an economic growth and welfare perspective? 3. What spill-over effects high government debt may have on other EMU members and/or on corporate borrowing cost?