We explore the links between credit expansion, inflation, and inflation expectations, and show that active public debt … a theoretical monetary policy game, we show that it is welfare improving to delegate public debt management to an …

examine annual data from 39 SSA economies between 2005 and 2018. The key findings indicate that public debt negatively …

. Subnational public debt grew threefold between 1996 and 2006. The global financial crisis only aggravated the debt accumulation … reduction of 4% in public debt between treated and untreated states and 5.8% in debt per capita. Moreover, we document that even … after the first wave of the COVID-19 pandemic, the new fiscal rule effectively reduced the pace of subnational public debt …

limits.The relationship between the public debt, SE, and fiscal rules is analyzed based on the Generalized Method of Moments … shadow economy to the public debt increase and the ineffectiveness of fiscal rules applied …This paper provides an analysis of the role played by fiscal rules and the shadow economy on the evolution of public …

This paper examines the role of financial frictions in the public debt-growth nexus, documenting that a public debt … financial regimes: stressful versus normal. The empirical results suggest that a public debt shock has a broadly insignificant … moderately larger in the stress regime, providing evidence of the accommodative stance between fiscal policy and monetary policy …