analysis showing that aid does not affect spending and that aid shortfalls are instead systematically compensated with domestic … commitments by substituting domestic debt for aid. Thus, the economic costs of sanctions do not necessarily translate directly …

insignificant. The accelerator effect of output growth was also found to be insignificant across the countries over the time period …

median real GDP growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship … between public debt and median real GDP growth. The null hypothesis of no threshold effect is rejected at the 5 percent … threshold for economic growth may exist around a relatively small debt-to-GDP ratio of 30 percent. Empirical results are more …

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …