debt ratio and fiscal sustainability. While the approach suggests a macroeconomic policy mix and strategies for both fiscal …

– and of a severe debt crisis affecting both firms/households and commercial banks. While it is possible – with the help of …

In an economy in which debt obligations are fixed in nominal terms, but there are otherwise no nominal rigidities, a …

risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past … fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of … debt accumulation episodes in 100 emerging market and developing economies since 1970; a series of econometric models …

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the … suggest, for instance, that the Colombian public debt limit would be close to 68% of GDP and that the fiscal space-the gap … between the current debt level and the estimated debt limit-would reach 16 percentage points. Among the other Latin American …

almost all other European countries, Sweden has had budget surpluses and a government debt ratio around 40 percent of GDP …

We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where …