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Corporate debt

Published online by Cambridge University Press:  26 March 2020

Garry Young
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Extract

A topic of some current interest to forecasters and policymakers is the extent to which the high levels of corporate indebtedness observed throughout the late-1980s contributed to the recession and whether the still substantial debts of the corporate sector are likely to make the recovery from recession slower than normal. The purpose of this note is to present and provide an interpretation of the evidence bearing on this issue.

Type
Articles
Information
National Institute Economic Review , Volume 139 , February 1992 , pp. 88 - 94
Copyright
Copyright © 1992 National Institute of Economic and Social Research

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Footnotes

∗

I am grateful to Andrew Britton and Nigel Pain for comments on an earlier version of this note.

References

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