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This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10011933305
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10010878442
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we correct for endogeneity. We … growth is important in the light of the fact that the negative correlation between debt and growth is sometimes used to …
Persistent link: https://www.econbiz.de/10010907066
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we instrument debt with a variable …
Persistent link: https://www.econbiz.de/10010610091
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10010722010
makers and academics on the growth effects of large public debts. Recent empiri-cal studies investigate the impact of public … debt on growth in advanced and emerging countries. This paper aims at complementing the existing evidence focusing on … over the period 1990-2007 show that public debt has a negative impact on output growth up to a threshold of 90 percent of …
Persistent link: https://www.econbiz.de/10008751904
In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low- and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected...
Persistent link: https://www.econbiz.de/10008751910
Developing countries are the least to blame for the outbreak of the nancial crisis, but they are destined to suer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...
Persistent link: https://www.econbiz.de/10008515080
makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public … debt on growth in advanced and emerging countries. This paper aims at complementing the existing evidence focusing on … over the period 1990-2007 show that public debt has a negative impact on output growth up to a threshold of 90 percent of …
Persistent link: https://www.econbiz.de/10008690122
Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...
Persistent link: https://www.econbiz.de/10010381537