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landscape, the mounting risk of debt distress and the economic and environmental vulnerabilities as a Small Island Developing …
Persistent link: https://www.econbiz.de/10011992030
interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However …
Persistent link: https://www.econbiz.de/10010464897
test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth is not very robust …. Taken with a pinch of salt, our results suggest, however, that a negative association between debt and growth may set in at … debt levels as low as 20% of GDP. Further (and greater) thresholds may exist but their magnitude is highly uncertain. For …
Persistent link: https://www.econbiz.de/10009767743
productivity could be boosted via rendering the tax system more growth friendly, reducing product market regulation (including …
Persistent link: https://www.econbiz.de/10009767744
debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than … some evidence in favour of a negative nonlinear relationship between debt and growth. But these results are very sensitive …, the negative nonlinear effect kicks in at much lower levels of public debt (between 20% and 60% of GDP). These results …
Persistent link: https://www.econbiz.de/10009690882
particular, the interplay between government debt and private leverage is attracting increasing attention in the current context …
Persistent link: https://www.econbiz.de/10011664051
, in particular the high level of public debt and low potential growth. The government has rightly aimed to halt the rise … in the public debt-to-GDP ratio and put it on a downward path. This could be achieved with either a balanced government …, it would be rewarded by faster debt reduction and lower risk of renewed financial-market reactions. In any case, the …
Persistent link: https://www.econbiz.de/10009767734
government debt that is in line with the specified path. These guarantees are, fourth, paid for by a percentage fee. Fifth, non …
Persistent link: https://www.econbiz.de/10009751385
Building on the automatic fiscal stabilisers literature, this paper assesses how automatic stabilisers have evolved over the past two decades by analysing changes in the personal income tax and social benefit systems. In three-quarters of the 35 OECD countries analysed, indicators of the...
Persistent link: https://www.econbiz.de/10012421097
regulation and frameworks to deal with debt overhangs and maintain public debt at prudent levels, can help economies withstand …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 …
Persistent link: https://www.econbiz.de/10009696443