The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of … stabilize debt to GDP. We find that, in at least half the cases, countries improved their cyclically adjusted primary balances … by close to 5 percent of GDP. We also observe that, while countries typically make substantial efforts to stabilize debt …

This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in … and floods have a negative effect on growth, and that debt increases with floods but not with storms. However, in a … subsample I find that storms significantly increase debt in the short and long run. I also find weak evidence that debt relief …

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal …

This paper uses the propensity matching score approach to assess the impact of the IMF’s debt limits policy (DLP) on …

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and …

This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large …

large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a …-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three …