In the wake of the COVID-19 pandemic, debt levels in emerging and developing economies have surged raising concerns … about fiscal sustainability. Historically, negative interest-growth differentials in these countries have played a debt …-stabilizing role. But is this enough to prevent countries from falling into debt distress? Drawing from a sample of 150 emerging and …

level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This paper provides a … framework to examine the role of the level of government debt in the assessment of consolidation policies across the business … cycle, allowing for the consolidation multiplier to depend on the level of debt at the time of consolidation. The empirical …

external imbalances can be as important as debt levels. These results, while not necessarily implying causality, show …With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal … true cost of debt may be overstated if interest rates remain low. To shed light into this debate, this paper re …

discusses the trends in emerging market corporate debt and leverage, and illustrates how those firms are vulnerable to interest …’ ability to service debt and lead to higher debt at risk, especially in countries with high shares of foreign currency debt and …

debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …