Chicot Eboue, full professor at Lorraine University in Nancy, France since 1996, is a macroeconomist specializing in macroeconomics, monetary economics, international finance, and development finance. He holds a PhD in Economics and International Finance (1986) and an HDR in Economics (1991) from the University of Bordeaux 1, France. A two-time laureate (1992, 1996) of the French External Aggregation Competition for the recruitment of tenured professors of economics, he is the author of five books, including: Tutorial Lectures in Macroeconomics (Ellipses Editions, Paris, 2025); Finance, Banking and Microfinance: Where Does the Wealth Created Go? (Larcier Editions, Brussels, 2021); Africa: Commodity, Resource Curse & Export Dependence (Lit Verlag, Berlin, 2007); and The Contemporary Economic and Financial Reflection of Central Banks (BCEAO Editions, Dakar, 2005). His research also focuses on the structural diversification of low-income economies, the coordination of external resources, and innovative financing mechanisms. He serves as a consultant to several central banks and governments of developing countries.

• Introductions.- Prologue: An Overview of the Global Public Debt Landscape.- General Introduction: Public Debt, Inflation Surge & Policy Mix : Where Do We Stand?.- Part I: Public Spending and Public Debt : A Vicious Circle ?.- Introduction : The Macroeconomics of Public Debt, What Are The Challenges Ahead ?.- Chapter 1: Public Debts Are Necessary : A Keynesian Rationale.- Chapter 2: Public Spending during Great Moderation and Fiscal Dominance : History, Global Landscape and Policy Issues.- Chapter 3: Public Debt Resume by Spending Cuts, Austerity Versus Fiscal Expansion.- Chapter 4: Debt, Is It Good or Bad? A Sociological View.- Chapter 5: Regional and Municipal Public Debt : A European Perspective.- Part II: Debt Management and Debt Issues Techniques .- Introduction : Public Debt & Public Deficits : Stocks, Flows and Measures.- Chapter 6: Debt Sustainability Analysis Frameworks: The IMF Versus the European Commission.- Chapter 7: Are Financial Markets At The Root of Public Over-Indebtness ?.- Chapter 8: Sovereign Debt Rating : An Overview.- Part III: Monetary Policy During Great Moderation.- Introduction : Overview of the Evolution of Some Key Factors in Monetary Policy from the 1980s through the 2020s.- Chapter 9 : The Neutral Rate(s) of Interest, Linchpin Between Monetary and Fiscal Policies.- Chapter 10 : The Transmission Channels of Monetary Policy during Quantitative Easing : What To Retain ? Selected Countries : US, UK, ECB, BoJ, New Zealand.- Chapter 11 : The Modern Monetary Theory : An Assessment.- Chapter 12: Fiscal Policy and Inflation : What To Retain From Great Moderation To Fiscal Dominance ?.- Part IV: The Effective Interest Rate Lower Bound and Inflation Issues.- Introduction : The Effective Lower Bound On Nominal Interest Rate and Low Inflation : How Should Central Banks Have Reacted (2019-2022)?.- Chapter 13: Inflation Expectations, Monetary Policy Effectiveness and The Effective Lower Bound of Interest Rate.- Chapter 14: Quantitative Easing, External Shocks and Sources of Inflation, To What Extent Inflation Is Money Fueled ?.- Chapter 15: The Evolution of Inflation Targeting From The 1990s To 2020s : Developments and New Challenges.- Part V: Fiscal and Monetary Coordination, the Way Forward: Some Thoughts from Policy Makers.- Introduction : Fiscal and Monetary Policies : What Is The New Perimeter ?.- Chapter 16: "Fiscal-Monetary Policy Mix: Challenges Facing EU".- Chapter 17: Fiscal And Monetary Coordination, The Way Forward.- Chapter 18: Macroeconomic Stabilization and the Monetary-Fiscal Policy Mix: Evidence from the Democratic Republic of Congo.-Part VI: Greening Economic Policies.- Introduction : Climate Change, Radical Uncertainty and The Greening of Economic Policies.- Chapter 19: What Policy Mix For The Ecological Transition?.- Chapter 20: Stock-Flow Consistent Models and Policy Mix For Decarbonization.- Chapter 21: Sustainable Finance, Sovereign, Blue and Green Bonds : A Market-based Approach.- Chapter 22: Environment, Social & Governance (ESG) Factors Applied To Sovereign Bonds Ratings.- Chapter 23: Environmental Sustainability, Macroeconomic Stabilization and Climate Finance : The Lessons To Be Learned.- PART VII : Emerging Countries Debt & Policy Mix Issues.- Introduction : The Debt Problem Is More Global Than Ever Believed.- Chapter 24: Fiscal and Monetary Policy in Emerging Market Economies : Room for Coordination ?.- Chapter 25: Sovereign Debt Challenges in Emerging Asian Economies: Where Do We Stand and What Can Be Done?.- Chapter 26: Public Debt Issues in a Low Distress Risk Asian Country: The Case of Vietnam.-Chapter 27: The Debt Problem In The Middle Income Countries of The MENA Region : The Case of Egypt, Morocco Tunisia.- Part VIII: The Debt Problem and Policy Issues in Low Income Countries.- Introduction : Debt and Poverty, How To Avoid The 1980-1990s Trap ?.- Chapter 28: Risk of Overindebtness in Africa and Growing Default Risks in Low Income Countries.- Chapter 29: Policy Mix Coordination and Productivity in EMCCA: Evidence from a Spatial-Dynamic Panel Approach.- Chapter 30: Public Debt and Policy Mix Issues in The CEMAC Zone : The Architecture Design For A Better Fiscal-Monetary Coordination.- Chapter 31: Hidden Public Debt Or Risk of Debt Overhang in Subsaharan Africa: The Case of Senegal (2018-2024).- Part IX: Public Debt, Radical UncertaintY and the Theory of Decision.- Introduction : Decision Under Radical Uncertainty, What To Do When We Do Not Know ?.- Chapter 32: Public Spending, Public Finance and Behavioral Economics: New Fiscal Psychology at a Glance.- Chapter 33: Public Debt Analysis : From Standard Macroeconomics To Conviction Narrative Theory & Cognitive Economics.- Chapter 34: The Theory of Decision under Radical Uncertainty.- Chapter 35: Mathematics and Radical Uncertainty in Finance – A Conceptual Overview.- Chapter 36: Radical Uncertainty, Probability and Econometrics.- General Conclusion: The Stabilization Policy Journey Seventeen Years After the Global Financial Crisis.

Chicot Eboue, full professor at Lorraine University in Nancy, France since 1996, is a macroeconomist specializing in macroeconomics, monetary economics, international finance, and development finance. He holds a PhD in Economics and International Finance (1986) and an HDR in Economics (1991) from the University of Bordeaux 1, France. A two-time laureate (1992, 1996) of the French External Aggregation Competition for the recruitment of tenured professors of economics, he is the author of five books, including: Tutorial Lectures in Macroeconomics (Ellipses Editions, Paris, 2025); Finance, Banking and Microfinance: Where Does the Wealth Created Go? (Larcier Editions, Brussels, 2021); Africa: Commodity, Resource Curse & Export Dependence (Lit Verlag, Berlin, 2007); and The Contemporary Economic and Financial Reflection of Central Banks (BCEAO Editions, Dakar, 2005). His research also focuses on the structural diversification of low-income economies, the coordination of external resources, and innovative financing mechanisms. He serves as a consultant to several central banks and governments of developing countries.

• Introductions.- Prologue: An Overview of the Global Public Debt Landscape.- General Introduction: Public Debt, Inflation Surge & Policy Mix : Where Do We Stand?.- Part I: Public Spending and Public Debt : A Vicious Circle ?.- Introduction : The Macroeconomics of Public Debt, What Are The Challenges Ahead ?.- Chapter 1: Public Debts Are Necessary : A Keynesian Rationale.- Chapter 2: Public Spending during Great Moderation and Fiscal Dominance : History, Global Landscape and Policy Issues.- Chapter 3: Public Debt Resume by Spending Cuts, Austerity Versus Fiscal Expansion.- Chapter 4: Debt, Is It Good or Bad? A Sociological View.- Chapter 5: Regional and Municipal Public Debt : A European Perspective.- Part II: Debt Management and Debt Issues Techniques .- Introduction : Public Debt & Public Deficits : Stocks, Flows and Measures.- Chapter 6: Debt Sustainability Analysis Frameworks: The IMF Versus the European Commission.- Chapter 7: Are Financial Markets At The Root of Public Over-Indebtness ?.- Chapter 8: Sovereign Debt Rating : An Overview.- Part III: Monetary Policy During Great Moderation.- Introduction : Overview of the Evolution of Some Key Factors in Monetary Policy from the 1980s through the 2020s.- Chapter 9 : The Neutral Rate(s) of Interest, Linchpin Between Monetary and Fiscal Policies.- Chapter 10 : The Transmission Channels of Monetary Policy during Quantitative Easing : What To Retain ? Selected Countries : US, UK, ECB, BoJ, New Zealand.- Chapter 11 : The Modern Monetary Theory : An Assessment.- Chapter 12: Fiscal Policy and Inflation : What To Retain From Great Moderation To Fiscal Dominance ?.- Part IV: The Effective Interest Rate Lower Bound and Inflation Issues.- Introduction : The Effective Lower Bound On Nominal Interest Rate and Low Inflation : How Should Central Banks Have Reacted (2019-2022)?.- Chapter 13: Inflation Expectations, Monetary Policy Effectiveness and The Effective Lower Bound of Interest Rate.- Chapter 14: Quantitative Easing, External Shocks and Sources of Inflation, To What Extent Inflation Is Money Fueled ?.- Chapter 15: The Evolution of Inflation Targeting From The 1990s To 2020s : Developments and New Challenges.- Part V: Fiscal and Monetary Coordination, the Way Forward: Some Thoughts from Policy Makers.- Introduction : Fiscal and Monetary Policies : What Is The New Perimeter ?.- Chapter 16: "Fiscal-Monetary Policy Mix: Challenges Facing EU".- Chapter 17: Fiscal And Monetary Coordination, The Way Forward.- Chapter 18: Macroeconomic Stabilization and the Monetary-Fiscal Policy Mix: Evidence from the Democratic Republic of Congo.-Part VI: Greening Economic Policies.- Introduction : Climate Change, Radical Uncertainty and The Greening of Economic Policies.- Chapter 19: What Policy Mix For The Ecological Transition?.- Chapter 20: Stock-Flow Consistent Models and Policy Mix For Decarbonization.- Chapter 21: Sustainable Finance, Sovereign, Blue and Green Bonds : A Market-based Approach.- Chapter 22: Environment, Social & Governance (ESG) Factors Applied To Sovereign Bonds Ratings.- Chapter 23: Environmental Sustainability, Macroeconomic Stabilization and Climate Finance : The Lessons To Be Learned.- PART VII : Emerging Countries Debt & Policy Mix Issues.- Introduction : The Debt Problem Is More Global Than Ever Believed.- Chapter 24: Fiscal and Monetary Policy in Emerging Market Economies : Room for Coordination ?.- Chapter 25: Sovereign Debt Challenges in Emerging Asian Economies: Where Do We Stand and What Can Be Done?.- Chapter 26: Public Debt Issues in a Low Distress Risk Asian Country: The Case of Vietnam.-Chapter 27: The Debt Problem In The Middle Income Countries of The MENA Region : The Case of Egypt, Morocco Tunisia.- Part VIII: The Debt Problem and Policy Issues in Low Income Countries.- Introduction : Debt and Poverty, How To Avoid The 1980-1990s Trap ?.- Chapter 28: Risk of Overindebtness in Africa and Growing Default Risks in Low Income Countries.- Chapter 29: Policy Mix Coordination and Productivity in EMCCA: Evidence from a Spatial-Dynamic Panel Approach.- Chapter 30: Public Debt and Policy Mix Issues in The CEMAC Zone : The Architecture Design For A Better Fiscal-Monetary Coordination.- Chapter 31: Hidden Public Debt Or Risk of Debt Overhang in Subsaharan Africa: The Case of Senegal (2018-2024).- Part IX: Public Debt, Radical UncertaintY and the Theory of Decision.- Introduction : Decision Under Radical Uncertainty, What To Do When We Do Not Know ?.- Chapter 32: Public Spending, Public Finance and Behavioral Economics: New Fiscal Psychology at a Glance.- Chapter 33: Public Debt Analysis : From Standard Macroeconomics To Conviction Narrative Theory & Cognitive Economics.- Chapter 34: The Theory of Decision under Radical Uncertainty.- Chapter 35: Mathematics and Radical Uncertainty in Finance – A Conceptual Overview.- Chapter 36: Radical Uncertainty, Probability and Econometrics.- General Conclusion: The Stabilization Policy Journey Seventeen Years After the Global Financial Crisis.

Chicot Eboue, full professor at Lorraine University in Nancy, France since 1996, is a macroeconomist specializing in macroeconomics, monetary economics, international finance, and development finance. He holds a PhD in Economics and International Finance (1986) and an HDR in Economics (1991) from the University of Bordeaux 1, France. A two-time laureate (1992, 1996) of the French External Aggregation Competition for the recruitment of tenured professors of economics, he is the author of five books, including: Tutorial Lectures in Macroeconomics (Ellipses Editions, Paris, 2025); Finance, Banking and Microfinance: Where Does the Wealth Created Go? (Larcier Editions, Brussels, 2021); Africa: Commodity, Resource Curse & Export Dependence (Lit Verlag, Berlin, 2007); and The Contemporary Economic and Financial Reflection of Central Banks (BCEAO Editions, Dakar, 2005). His research also focuses on the structural diversification of low-income economies, the coordination of external resources, and innovative financing mechanisms. He serves as a consultant to several central banks and governments of developing countries.

• Introductions.- Prologue: An Overview of the Global Public Debt Landscape.- General Introduction: Public Debt, Inflation Surge & Policy Mix : Where Do We Stand?.- Part I: Public Spending and Public Debt : A Vicious Circle ?.- Introduction : The Macroeconomics of Public Debt, What Are The Challenges Ahead ?.- Chapter 1: Public Debts Are Necessary : A Keynesian Rationale.- Chapter 2: Public Spending during Great Moderation and Fiscal Dominance : History, Global Landscape and Policy Issues.- Chapter 3: Public Debt Resume by Spending Cuts, Austerity Versus Fiscal Expansion.- Chapter 4: Debt, Is It Good or Bad? A Sociological View.- Chapter 5: Regional and Municipal Public Debt : A European Perspective.- Part II: Debt Management and Debt Issues Techniques .- Introduction : Public Debt & Public Deficits : Stocks, Flows and Measures.- Chapter 6: Debt Sustainability Analysis Frameworks: The IMF Versus the European Commission.- Chapter 7: Are Financial Markets At The Root of Public Over-Indebtness ?.- Chapter 8: Sovereign Debt Rating : An Overview.- Part III: Monetary Policy During Great Moderation.- Introduction : Overview of the Evolution of Some Key Factors in Monetary Policy from the 1980s through the 2020s.- Chapter 9 : The Neutral Rate(s) of Interest, Linchpin Between Monetary and Fiscal Policies.- Chapter 10 : The Transmission Channels of Monetary Policy during Quantitative Easing : What To Retain ? Selected Countries : US, UK, ECB, BoJ, New Zealand.- Chapter 11 : The Modern Monetary Theory : An Assessment.- Chapter 12: Fiscal Policy and Inflation : What To Retain From Great Moderation To Fiscal Dominance ?.- Part IV: The Effective Interest Rate Lower Bound and Inflation Issues.- Introduction : The Effective Lower Bound On Nominal Interest Rate and Low Inflation : How Should Central Banks Have Reacted (2019-2022)?.- Chapter 13: Inflation Expectations, Monetary Policy Effectiveness and The Effective Lower Bound of Interest Rate.- Chapter 14: Quantitative Easing, External Shocks and Sources of Inflation, To What Extent Inflation Is Money Fueled ?.- Chapter 15: The Evolution of Inflation Targeting From The 1990s To 2020s : Developments and New Challenges.- Part V: Fiscal and Monetary Coordination, the Way Forward: Some Thoughts from Policy Makers.- Introduction : Fiscal and Monetary Policies : What Is The New Perimeter ?.- Chapter 16: "Fiscal-Monetary Policy Mix: Challenges Facing EU".- Chapter 17: Fiscal And Monetary Coordination, The Way Forward.- Chapter 18: Macroeconomic Stabilization and the Monetary-Fiscal Policy Mix: Evidence from the Democratic Republic of Congo.-Part VI: Greening Economic Policies.- Introduction : Climate Change, Radical Uncertainty and The Greening of Economic Policies.- Chapter 19: What Policy Mix For The Ecological Transition?.- Chapter 20: Stock-Flow Consistent Models and Policy Mix For Decarbonization.- Chapter 21: Sustainable Finance, Sovereign, Blue and Green Bonds : A Market-based Approach.- Chapter 22: Environment, Social & Governance (ESG) Factors Applied To Sovereign Bonds Ratings.- Chapter 23: Environmental Sustainability, Macroeconomic Stabilization and Climate Finance : The Lessons To Be Learned.- PART VII : Emerging Countries Debt & Policy Mix Issues.- Introduction : The Debt Problem Is More Global Than Ever Believed.- Chapter 24: Fiscal and Monetary Policy in Emerging Market Economies : Room for Coordination ?.- Chapter 25: Sovereign Debt Challenges in Emerging Asian Economies: Where Do We Stand and What Can Be Done?.- Chapter 26: Public Debt Issues in a Low Distress Risk Asian Country: The Case of Vietnam.-Chapter 27: The Debt Problem In The Middle Income Countries of The MENA Region : The Case of Egypt, Morocco Tunisia.- Part VIII: The Debt Problem and Policy Issues in Low Income Countries.- Introduction : Debt and Poverty, How To Avoid The 1980-1990s Trap ?.- Chapter 28: Risk of Overindebtness in Africa and Growing Default Risks in Low Income Countries.- Chapter 29: Policy Mix Coordination and Productivity in EMCCA: Evidence from a Spatial-Dynamic Panel Approach.- Chapter 30: Public Debt and Policy Mix Issues in The CEMAC Zone : The Architecture Design For A Better Fiscal-Monetary Coordination.- Chapter 31: Hidden Public Debt Or Risk of Debt Overhang in Subsaharan Africa: The Case of Senegal (2018-2024).- Part IX: Public Debt, Radical UncertaintY and the Theory of Decision.- Introduction : Decision Under Radical Uncertainty, What To Do When We Do Not Know ?.- Chapter 32: Public Spending, Public Finance and Behavioral Economics: New Fiscal Psychology at a Glance.- Chapter 33: Public Debt Analysis : From Standard Macroeconomics To Conviction Narrative Theory & Cognitive Economics.- Chapter 34: The Theory of Decision under Radical Uncertainty.- Chapter 35: Mathematics and Radical Uncertainty in Finance – A Conceptual Overview.- Chapter 36: Radical Uncertainty, Probability and Econometrics.- General Conclusion: The Stabilization Policy Journey Seventeen Years After the Global Financial Crisis.