This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt … growth is more sensitive to rising household debt than corporate debt. However, these effects are highly heterogenous across … burdens on growth rates. The empirical analysis covers a sample of 55 emerging and frontier market economies. Future economic …

This paper evaluates the relation between house prices and economic growth. Using a dataset that covers house prices … positively associated with economic growth, while the relation between house price depreciations and economic growth is highly … depreciations (rather than prolonged and modest ones) are positively associated with economic growth. We also find that the positive …

This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …