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Digital currencies and FinTech innovation technologies for economic growth

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Debt shocks and the dynamics of output and inflation in emerging economies

Beirne, John; Renzhi, Nuobu - 2024

product (GDP) falls significantly after an unanticipated increase in public debt while inflation rises. We also examine …This paper empirically examines the impact of public debt shocks on output and inflation in 34 emerging market … initial debt levels, tighter domestic financial conditions, and lower income levels amplify the negative responses of real GDP …

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