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Debt and macroeconomic stability : debt and the business cycle

Ziemann, Volker - 2012

Using a large panel of OECD countries this paper studies the link between debt and macroeconomic stability by comparing the evolution of balance sheet aggregates and economic output in high- and lowdebt environments. While the relationship between debt and economic growth has been extensively...

Persistent link: https://www.econbiz.de/10009696437

Exposure to international crises : trade vs. financial contagion

Grant, Everett - 2016

distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross … near to and far from the crisis areas. Using these calibrations, disturbances on the order of those observed during the …

Persistent link: https://www.econbiz.de/10011975657

Fiscal consolidation policies in the context of Italy's two recessions

Figari, Francesco; Fiorio, Carlo V. - 2015

The Italian Great Recession has a double-dip pattern. After the start of the global financial crisis, Italy experienced … a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to …

Persistent link: https://www.econbiz.de/10011284961

Debt and Macroeconomic Stability : Case Studies

Merola, Rossana - 2013

Accumulating debt raises concerns about its implications for macroeconomic stability. This paper sheds light on the implications of high indebtedness for the macroeconomic volatility by identifying the main drivers of the evolution of debt in a set of countries. The country choice was based on...

Persistent link: https://www.econbiz.de/10013075183

Debt and macroeconomic stability : case studies

Merola, Rossana - 2012

Persistent link: https://www.econbiz.de/10009696439

Do countries default in bad times? : the role of alternative detrending techniques

Panizza, Ugo - 2022

Quantitative models of sovereign debt predict that countries should default during deep recessions. However, empirical research on sovereign debt has found a surprisingly large share of "good times" defaults (i.e., defaults that happen when GDP is above trend). Existing evidence also indicates...

Persistent link: https://www.econbiz.de/10013173175

Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area

Truger, Achim - 2014

expansionary fiscal policy to overcome the economic crisis have become more frequent, recently. Therefore, the article tries to …

Persistent link: https://www.econbiz.de/10010424293

Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework

Truger, Achim - 2015

expansionary fiscal policy to overcome the economic crisis have recently become more frequent. In his Jackson Hole speech Mario …

Persistent link: https://www.econbiz.de/10010511177

Household debt, corporate debt, and the real economy : some empirical evidence

Park, Donghyun; Shin, Kwanho; Tian, Shu - 2018

accumulation rather than crisis dates and find that in both advanced and EMEs, corporate debt buildups cause more financial peaks …

Persistent link: https://www.econbiz.de/10011946955

Optimal Domestic (and External) Sovereign Default

D'Erasmo, Pablo N.; Mendoza, Enrique G. - 2017

and features of debt-crisis dynamics. Debt exhibits protracted fluctuations. Defaults have a low frequency of 0.93 percent …

Persistent link: https://www.econbiz.de/10014120648