Private Debt

The Private Debt initiative is an opportunity to articulate how private debt impacts the economy and to specify the pathways for its effects. The initiative will also lead to better knowledge for the use of regulators, policymakers, journalists, and the public. Finally, the Private Debt initiative will open a better-informed dialogue towards tangible solutions to the problems posed by excessive private debt.

Mainstream economists have ignored private debt to our peril

What role does debt play in triggering economic crises, and is the problem principally public or private sector debt?

China is drowning in it. The whole world has too much of it. History suggests: This won’t end well.

Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created