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Some commentators have argued that the housing crisis may harm labor markets because homeown- ers who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less...
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, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …
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In this paper, we study the drivers of public debt surges across 172 countries from 1980-2021. We focus on the role of … discrepancies between the annual change in public debt and the budget deficit, referred to as stock-flow adjustments (SFA). The … analysis employs survival methods to model the effect of SFA and other macroeconomic factors on the hazard rate for debt spike …
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This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels …
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