This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

the economy. We show that if (i) a significant share of the debt is denominated in foreign currency-creating a currency … tilts the debt profile towards short term debt, thereby increasing the volatility of output. Taking the model implications …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … revenue losses on inframarginal units of debt that reflect the price impact of these decisions. The model predicts an interior …

's production side and on welfare, but not on its stock of foreign debt and the country specific risk premium, and large part of the … dynamics and a considerable reduction in foreign debt, allowing higher consumption in the long run and creating an … intertemporal welfare gain, even though unemployment increases strongly in the short run. A 50% haircut of foreign debt …

The HIPC initiative for debt relief in the poorest countries has been extended to cover more countries. Zambia is one … the countries accepted under the enhanced initiative for a debt relief of US$ 3.8 billion. In this paper, the possible … effects of this debt relief are analysed using a social accounting matrix as a tool of analysis. Two alternative approaches …

This paper relates the challenge of debt and the opportunities of debt reduction to the task of achieving the … a series of UN Conferences of the 1990s. It illustrates why questions of debt are important in terms of determining the … the HIPC countries to illustrate these concerns. The paper also contains conclusions and recommendations about future debt …

During the pandemic, public debt in Latin America and the Caribbean rose to more than 70 percent of GDP, and countries … are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest … rate were the most frequent main drivers, while higher growth, fiscal consolidation and debt restructuring were relatively …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …- term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped … by revenue losses on inframarginal units of debt that reflect the price impact of these decisions. The model predicts an …

provinces, cities, municipalities, and villages not to exceed 20% of their annual regular income going into debt servicing. The … patterns of local debt management practices, highlights the roles of national government agencies and regulatory policies, and … proposes emerging ideas and recommendations on how to improve debt management as an important pillar in local finance and …