consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. The …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …

lower inflation, a lower debt to GDP ratio, a lower average income tax rate, higher public debt maturity and higher IPI …

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 …

apologized and acknowledged a “moral debt” that it owes the Haitian people. But is there a legal debt that Haiti, one of the …

This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt … growth is more sensitive to rising household debt than corporate debt. However, these effects are highly heterogenous across …

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …

Household debt and house prices in the United Kingdom rose substantially between 1987 and 2006. In this paper we use a … inflation, and a lower long-run real interest rate may explain the build-up of debt and the rise in house prices over that … interest rates to persist, then the model can more than explain the rise in debt and can explain most of the rise in house …