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theoretical convergence on the respective nexus has been attained. For the case of Uganda in particular, the public debt question … remains critical in the country's development trajectory. Under the Highly Indebted Poor Countries (HIPCs) initiative, Uganda … short run whereas in long-run debt has a mixed impact on Uganda's economy. The total debt service has a negative impact …
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The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors and recipients. Using a dynamic stochastic general equilibrium model of a small open economy with a minimum consumption requirement and an endogenous relief probability, we show...
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