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She keeps running up huge debts and asking friends to bail her out.
They piled up such a huge debt that they soon went bankrupt.
His economic policies have won widespread praise for reducing government debt.
The reduction in collateral relative to debt raises the costs of lending and reduces the return on investment and the aggregate rate of growth.
Thus, an income tax (on both labor and capital income) is used to cover the debt repayment.
However, those who campaign for debt relief, increased aid and direct budgetary support to solve the challenges of poverty and hunger, should take note.
Accordingly, we ignore the corporate governance effects that could stem from the pension funds' role as debt-holders.
We also take into account that firms with lower debt and more capital availability will contribute relatively more to their pensions.
In this context, section 2 analyses the four differential equations system and derives the steady-state conditions for the stocks of forest and debt.
Indeed, they cannot do so, since a debt cannot be paid twice, and their own reparation - their repentance and apology - sufficiently pays it.
We assume that the costs of foreign debt depend upon the economy's aggregate indebtedness, which the individual agent takes as given.
This suggests that non-elderly adults can have relatively high incomes, while incurring debt and still report material and even financial difficulty.
Because prices are predetermined, a depreciation raises the foreign debt burden, which exerts a contractionary effect on output.
No sovereign government would dare to issue debt without being rated by one or both of the agencies.
Subsequently, in order to avoid external debt default, the economy adjusts sharply.
In this case, we will first analyze what is the effect of adopting a fiscal rule of budget balance (zero net debt).
This can often happen if the family has already incurred large debt to obtain material possessions that render them 'not materially deprived'.
The federal debt increased 3 1 times or 4 from 7% of initial private net worth to about 30%.