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Published on Tuesday, May 10, 2016 | Updated on Wednesday, May 11, 2016

U.S. | Debt sustainability: time to splurge or time to save

The absence of an identifiable debt sustainability threshold for the U.S. does not safeguard against the possibility of a fiscal crisis unfolding. Persistently low long-term borrowing rates imply that we should borrow to invest in a higher living standard and growth

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