This paper empirically examines the impact of public debt shocks on output and inflation in 34 emerging market economies (EMEs) using panel local projections over the period 2000 to 2022. The estimated results show that real gross domestic product (GDP) falls significantly after an unanticipated...

Chapter 1. Introduction -- Chapter 2. The Language of Politeness. Theoretical Considerations and Practical Implications -- Chapter 3. Linguistic Impoliteness: The Case of Slurs -- Chapter 4. The Different Facets of Discrimination -- Chapter 5. The Economic Effects of Linguistic Discrimination --...

This paper develops an endogenous growth model that incorporates a frictional inventor market and examines the allocation of inventors across firms, knowledge diffusion, and its impact on growth. In our model, inventors play dual roles: they engage in in-house R&D and transfer knowledge from...

An important stylized fact about African economic development is the phenomenon of urbanization without structural transformation. This paper provides a political economy analysis of the lack of structural transformation in African cities, drawing on the Deals and Development framework. It...