Sprouts of capitalism : bamboo in springtime -- America's retail revolution : the hidden dragon -- Demand-led industrialization : big buyers in Taiwan -- An economic way of life : the round table -- Big business, small firms : meat and soup -- The search for a new economy : the tipping point --...

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...