Government Debt and Stock Returns
ClearMoney
DECEMBER 5, 2021
Belgium (1983–2003) and Italy (1992–2018) chipped in 21- and 27-year runs, respectively. General government debt tends to be a larger number than central government debt held by the public, as the former includes intragovernmental holdings and state and local government debt. US Department of the Treasury (2021). Dimensional Japan Ltd.,
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