Farah-Yacoub, Juan P.; Luckner, Clemens von <Graf>; … - National Bureau of Economic Research - 2024
crises' impact on real per capita GDP, infant mortality, life expectancy, poverty headcounts, and calorie supply per capita … percent below that of non-defaulting peers after a decade. Based on the trajectory of the health, nutrition, and poverty … indicators we study, we assess that the social costs of sovereign default are significant, broad-based, and long-lived …