expenditure, and (iv) relates with restructuring delays. We develop a theoretical model of defaultable debt that embeds endogenous …Sovereigns' public capital influences sovereign debt crises and resolution. We compile a dataset on public expenditure … composition around restructurings with private external creditors. We show that during restructurings, public investment (i …

, and relates with restructuring delays. We develop a theoretical model of defaultable debt that embeds endogenous public …Sovereigns' public capital influences sovereign debt crises and resolution. We compile a dataset on public expenditure … composition around restructurings with private external creditors. We show that during restructurings, public investment …

This paper examines whether the current level of debt in the country, given the national government's fiscal policy and … about by the COVID-19 pandemic, the country's debt-to-GDP ratio had already climbed to 60.5 percent, over 20 percentage … public debt, (2) tracking the evolution of the debt-to-GDP ratio in the next half-decade through standard debt sustainability …

In recent years debt in Colorado has increased at an unsustainable rate. A debt brake is simulated for the Colorado … economy. When the debt brake is triggered the spending cap imposed by the Tabor Amendment is reduced, with surplus revenue … earmarked for debt reduction. The simulation analysis reveals that with the debt brake in place, over two decades debt in …

In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their … hypothesis is that, when debt is in a moderate range, its dynamics are sustainable in the sense that increases in debt elicit … sufficient increases in primary fiscal balances to stabilize the debt-to-GDP ratio. At high debt levels, however, the dynamics …