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trends regarding public debt and external debt. Conceptually and practically analyzing the evolution of indicators, there are …
Persistent link: https://www.econbiz.de/10010734627
Persistent link: https://www.econbiz.de/10012666709
This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on … is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and … 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to increases in …
Persistent link: https://www.econbiz.de/10011569746
This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that … report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted … that the effects of the origin of the debt on investment efficiency would be differential. Debt origin was divided into …
Persistent link: https://www.econbiz.de/10012291782
In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the … predicted by a standard small open economy model by Aguiar and Gopinath (2007), where debt and output endogenously respond to … total factor productivity (TFP) shocks. First, developing countries' debt falls after a positive output shock, while the …
Persistent link: https://www.econbiz.de/10012315471
In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, manyincluding economists and financial expertswere shocked by the...
Persistent link: https://www.econbiz.de/10003772495
Persistent link: https://www.econbiz.de/10003330723
Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis Abstract Inside debt is a fundamental feature of … capitalist economies. This paper examines the growth effects of consumer and corporate debt using a Cambridge - Kaleckian growth … framework. According to the Cambridge - Kaleckian model inside debt has an ambiguous effect on growth. This is counter to the …
Persistent link: https://www.econbiz.de/10003861622
Persistent link: https://www.econbiz.de/10009243363
decay stages resolved into debt deflation after 2008, and are now settling into a leaden debt peonage and the austerity of …. -- Debt Deflation ; Neofeudalism ; Economic Rent ; Finance Capitalism ; Classical Political Economy ; Pension Fund Capitalism …
Persistent link: https://www.econbiz.de/10009490195