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This paper examines ways to summarize the maturity structure of public debts using a small number of parameters. We compile a novel dataset of all promised future payments for US and UK government debt from every month since 1869, and more recently for Peru, Poland, Egypt, and Nigeria. We show...
Persistent link: https://www.econbiz.de/10012604796
The pandemic has urged countries around the globe to mobilize financing to support the recovery. This is even more relevant in Central America, where the policy response to cushion the pandemic's economic and social impact has accentuated pre-existing debt vulnerabilities. This paper documents...
Persistent link: https://www.econbiz.de/10012795101
The last decade or so has seen a mushrooming of new sovereign debt databases covering long time spans for several countries. This represents an important breakthrough for economists who have long sought to, but been unable to tackle, first-order questions such as why countries have differential...
Persistent link: https://www.econbiz.de/10012103726
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced economies using simulation and estimation approaches. The simulations based on the debt dynamics equation and estimations of impulse responses by local projections both suggest that...
Persistent link: https://www.econbiz.de/10012155195
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This study investigates the effect of gender budgeting in India on gender inequality and fiscal spending. Gender …
Persistent link: https://www.econbiz.de/10011715650
makes progress by focusing on India, which will be the largest individual contributor to the global demographic transition …-state migration. The results imply that a substantial fraction of the growth acceleration that India has experienced since the 1980s … demographic dividend could add about 2 percentage points per annum to India’s per capita GDP growth over the next two decades …
Persistent link: https://www.econbiz.de/10014402559
Convergence and spillovers across countries and within countries are old, but recurrent policy concerns, and India is …
Persistent link: https://www.econbiz.de/10014402807
Persistent link: https://www.econbiz.de/10009423929