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In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and … rating agencies have put India's sovereign debt at the lowest investment grade. On the other hand, India benefits from strong … economic growth and needs to increase spending on social and physical infrastructure to support economic growth and to meet the …
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This paper examines how domestic holdings of government debt affect sovereign default risk and government debt management. I develop a dynamic stochastic general equilibrium model with both external and domestic debt that endogenously generates output contraction upon default. Domestic holdings...
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Can infrastructure investment win "hearts and minds"? We analyze a famous case in the early stages of dictatorship …
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