The impact of changes in real interest rates on saving and growth is a central issue in development economics …, thereby boosting investment and growth. While such liberalizations have indeed typically succeeded in raising real interest … wealth. The estimated parameters are then used to calculate, in the context of a simple endogenous growth model, the …

The relationship between real interest rates, saving, and growth is a central issue in development economics. Using … varies with the level of wealth. The estimated parameters are used to calculate, in the context of a simple endogenous growth …

options that have, in the past, helped lower debt burdens. Specifically, it examines orthodox options (enhancing growth …

countries during and after these overhang episodes, by tracing the evolution of real per capita GDP (levels and growth rates … economic landscape after a final debt reduction is characterized by higher income levels and growth, lower debt servicing …