This paper examines the relationship between fiscal variables and economic activity in Ecuador. We use a macro … suggest that Ecuador should recover control of its monetary policy to enable and promote both economic and tax diversification …

We study the dynamics of U.S. public debt in a parsimonious VAR. We find that including debt feedback ensures the … stationarity of debt while standard VARs excluding debt may imply an explosive debt path. We also find that the response of debt to … inflation increases debt while the same to interest rate decreases it. Positive shocks to growth and primary surplus …

imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

focusing on different types of fiscal constraints (e.g., budget balances, debt, expenditures, and revenue); (2) surveys their …