Search Results - subject_exact:"Public debt"

Ageing costs, public debt sustainability and EU fiscal rules

Gökten, Meryem; Heimberger, Philipp - 2026

This paper examines the role of ageing costs and the underlying assumptions in the reformed EU fiscal rules. To comply with these rules, governments facing rising ageing costs over the decade that follows a multi-year adjustment period must pre-emptively implement fiscal consolidation measures...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654499

On the sustainable deficit of the government

Greiner, Alfred - 2026

In this note we derive the long-run public deficit to GDP ratio that is compatible with a sustainable public debt. Starting from the observation that a sustainable debt policy requires that the present value of public debt asymptotically converges to zero and that the debt to GDP ratio must be...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595761

An overlapping generations model to investigate the fiscal implications of New Zealand's ageing population : a background paper for the 2025 Long-term Fiscal Statement

Binning, Andrew; Özbilgin, Murat; Smith, Christie - 2026

New Zealand's population is ageing. Public spending on public pensions (NZ Superannuation) and health are particularly sensitive to this trend and are expected to increase accordingly. Current and future government policies aimed at addressing this challenge will not only influence macroeconomic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625615

Evaluating the self-defeating fiscal austerity hypothesis for a dollarized economy: the Peruvian case

Mancilla Marquina, Luis; Rodriguez, Gabriel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638654

The state-contingent debt premium : evidence from French public bonds

Mitchener, Kris; Pina, Goncalo - 2026

State-contingent debt (SCD) instruments have been proposed as an improvement to sovereign debt markets, but their issuance costs are not well understood. We estimate the SCD premium at issuance and for more than a decade thereafter, employing a quasi-twin bond strategy that uses two very similar...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635498

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The state-contingent debt premium : evidence from French public bonds

Mitchener, Kris; Pina, Gonçalo - 2026

Book / Working Paper

The state-contingent debt premium: evidence from french public bonds

Mitchener, Kris; Pina, Gonçalo - 2026

Book / Working Paper

Strengthening Samoa's financial system to enhance resilience to climate-related risks

Wiese, Alexander - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667243

The redistributive transformation of fiscal policy in times of high debt in Belgium : 1912-2024 : from ability-to-pay taxation to competitive adjustment

Rigaux, Lucien - 2026

This article examines how the redistributive design of crisis-time fiscal policy shaped Belgian federal public debt trajectories from 1912 to 2024. Drawing on a reconstructed debt-to-GDP series and historical-institutional analysis, it identifies a secular transformation in the distributive...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671924

Local opioid exposure and corporate debt structure

Gozgor, Giray; Ho, Thang; Li, Jing - 2026 - This version: July 14, 2026

This paper examines how local opioid exposure affects firms' debt structure. Motivated by evidence that the opioid crisis weakens labor supply, impairs human capital, and increases operating uncertainty, we argue that firms exposed to greater local opioid distress rely more heavily on bank debt...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015675115

In a state of debt : the imperial debt commissions in Hesse-Homburg (1716-1742)

Hecken, Kevin - 2026

Between 1716 and 1742 the Landgraviate of Hesse-Homburg, one of the smallest estates in the Holy Roman Empire, became the stage for two Debit Commissions of the Imperial Aulic Council. Their task was to investigate the volume and the structure of debts that the landgraves had accumulated and to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015674948

Analysis of the impact of economic crises on the global economy

Tatarin, Nataliya; Vantzura, Sofia - 2025

Financial crises have a deep and complex impact on the socio-economic development of countries, which emphasises the significance and relevance of investigating the main causes of their occurrence, the specifics of their course, and the consequences for macroeconomic stability. The purpose of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616689

Fiscal stance, fiscal rules, and public debt dynamics in the United States

Abubakar, Attahir Babaji; Mamman, Suleiman O.; Iliyasu, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374323

Trading deficits for investment : optimal deficit rules for present-biased governments

Bergmann, Tobias; Moretti, Nikolaj - 2025

We develop a simple two-period principal-agent model in which a present-biased government, the agent, chooses public investment levels given a deficit rule imposed by the principal. The principal sets a deficit cap to curb current debt-financed consumption. In doing so, it also reduces long-term...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190377

Growth promotion policies when taxes cannot be raised

Minami, Katsunori; Horii, Ryo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015197276

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Growth promotion policies when taxes cannot be raised

Minami, Katsunori; Horii, Ryo - 2024 - Preliminary: September 2024

Edition: Preliminary: September 2024

Book / Working Paper

A critical examination of the "China collapse" narrative

Liang, Yan - 2025

Western media and academia have heralded the China collapse narrative. This paper provides a critical and balanced examination of the four challenges facing the Chinese economy - namely, deflation, debt, demographics, and de-coupling/de-risking. It argues that while deflationary pressure is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015200191

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A critical examination of the "China collapse" narrative

Liang, Yan - 2025

Book / Working Paper

Public debt and the income share of the top 1 % in the US, 1960-2019

Papadopoulou, Aggela - 2025

This study theorizes the relationship between sovereign debt and income inequality and shows that increases in public indebtedness are robustly associated with increases in the income share of the top one percent in the US since the 1960s. First, the paper outlines the mechanisms through which...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326707

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Public debt and the income share of the top 1 % in the US, 1960-2019

Papadopoulou, Aggela - 2025

Book / Working Paper

The state of the states : federal finance in India

Eichengreen, Barry; Gupta, Poonam - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015532642

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The state of the states : federal finance in India

Eichengreen, Barry; Gupta, Poonam - 2025

Book / Working Paper

Fiscal stagnation

Fornaro, Luca; Wolf, Martin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015395087

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Fiscal stagnation

Fornaro, Luca; Wolf, Martin - 2025

Book / Working Paper

Fiscal stagnation

Fornaro, Luca; Wolf, Martin - 2025

Book / Working Paper

The effects of public debt on public and private interest rates in the euro area

Kirpson, Gerda; Stæhr, Karsten - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423992

Achieving geoeconomic goals by boosting the economy without raising the public debt ratio? : new evidence on the effects of public investment in the European Union

Heimberger, Philipp; Dabrowski, Cara - 2025

Public investment can support geoeconomic policy goals by strengthening economic resilience through the creation of public assets and by fostering domestic sources of economic growth. This paper presents new evidence on how public investment affects output, unemployment, private investment and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464127

Can the end of "foreign aid" be the beginning of global public investment?

Ghosh, Jayati - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464329

Africa's domestic debt boom : evidence from the african debt database

Manger, Mark S.; Mihalyi, David; Panizza, Ugo; Rescia, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015555230

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Africa's domestic debt boom : evidence from the African debt database

Manger, Mark S.; Mihalyi, David; Panizza, Ugo; Rescia, … - 2025

Book / Working Paper

Africa's domestic debt boom : evidence from the African Debt Database

Manger, Mark S.; Mihalyi, David; Panizza, Ugo; Rescia, … - 2025

Book / Working Paper

Africa's domestic debt boom : evidence from the African Debt Database

Manger, Mark S.; Mihalyi, David; Panizza, Ugo; Rescia, … - 2025

Book / Working Paper

Optimal climate policy, distortionary taxation, and public debt

Aloui, Rym; Bouakez, Hafedh - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466887

The effects of macroeconomic and budget balance shocks on public debt trajectories in the euro area

Tkačevs, Oļegs; Stæhr, Karsten - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654374

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The effects of macroeconomic and budget balance shocks on public debt trajectories in the Euro Area

Tkačevs, Oļegs; Stæhr, Karsten - 2025

Book / Working Paper

The effects of macroeconomic and budget balance shocks on public debt trajectories in the Euro Area

Tkačevs, Oļegs; Stæhr, Karsten - 2025

Book / Working Paper

Does corporate social responsibility facilitate public debt financing?

Chang, Xin; Xu, Bin; Yang, Yung Chiang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470996

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Does Corporate Social Responsibility Facilitate Public Debt Financing?

Chang, Xin (Simba) - 2020

Book / Working Paper

Economocracy : global economic governance

Challoumis, Constantinos - 2025

Economic systems face critical challenges, including widening income inequality, unemployment driven by automation, mounting public debt, and environmental degradation. This study introduces Economocracy as a transformative framework aimed at addressing these systemic issues by integrating...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447884

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Economocracy: Global economic governance

Challoumis, Constantinos - 2025

Article

Speaking of debt : framing, guilt, and economic choices

Aksoy, Cevat Giray; Dolls, Mathias; Klejdysz, Justyna; … - 2025

This paper is the first to causally identify the effect of language on attitudes and behaviors toward debt. Using observational data, randomized survey experiments, incentivized borrowing-to-invest decisions, and textual analyses, we show that the moral connotations inherent in debt-related...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448038

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Speaking of debt : framing, guilt, and economic choices

Aksoy, Cevat Giray; Dolls, Mathias; Klejdysz, Justyna; … - 2025

Book / Working Paper

Are bad governments a threat to sovereign defaults? : the effects of political risk on debt sustainability

Ajovalasit, Samantha; Consiglio, Andrea; Pagliardi, Giovanni - 2025

Political risk is a significant determinant of bond yields and economic growth in both developed and emerging markets and we develop a debt sustainability analysis model with both channels using a country ratings proxy of political risk. Political risk also affects a sovereign's willingness to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406629

Does public debt encourage economic growth? : an application of quantile regressions to panel data for developing countries

Mudayen, Yohanes Maria Vianey; Arsyad, Lincolin; … - 2025

Previous studies on the relationship between government debt and economic growth have produced very diverse findings. This study examines the relationship between public debt and economic growth in developing countries using a quantile regression approach with fixed effects and bootstrapping on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409944

Does public debt crowd out public investment in Central and Eastern European economies? : a dynamic approach using CS-ARDL

Konatar, Milena; Đurašković, Jovan; Popović, Nemanja; … - 2025

This study estimates the impact of public debt on public investment in Central and Eastern European (CEE) economies. We implement Cross-sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) model, which effectively handles cross-sectional dependence and slope heterogeneity, while...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413415

Alberto Alesina (1957-2020): man, researcher, professor of economics, popularizer

Vindigni, Andrea - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432062

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Alberto Alesina (1957-2020): Man, Researcher, Professor of Economics, Popularizer

Vindigni, Andrea - 2023

Book / Working Paper

Alberto Alesina (1957-2020) : man, researcher, Professor of Economics, popularizer

Vindigni, Andrea - 2023

Book / Working Paper

Are citizens willing to reduce public debt? : beliefs, information and policy preferences

Bordignon, Massimo; Gatti, Nicolò; Turati, Gilberto - 2025

This paper investigates how raising awareness of public debt sustainability affects individual attitudes toward debt reduction and fiscal policy preferences. Using a survey experiment on a representative sample of the Italian population, we randomly assign objective information about government...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458334

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Are citizens willing to reduce public debt? : beliefs, information and policy preferences

Bordignon, Massimo; Gatti, Nicolò; Turati, Gilberto - 2025

Book / Working Paper

The reform of European public debt regulations : an opportunity and a challenge for EU member states

Postuła, Marta; Kawarska, Anna; Chmielewski, Wojciech - 2025

The article examines how the European Commission's proposal to reform the Stability and Growth Pact (SGP) in terms of the pace of public debt reduction may affect basic economic parameters, such as GDP, consumption and investment levels, as well as fiscal parameters like the scale of subsidies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437819

The EU public debt synchronization : a complex networks approach

Gkatzoglou, Fotios; Sofianos, Emmanouil; … - 2025

This study examines the evolution of public debt among the 27 EU member states using Graph Theory tools; the Threshold Weighted-Minimum Dominating Set (TW-MDS) and the k-core decomposition method, alongside a standard network quantitative metric, the density. By separating the data into three...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441257

Fiscal sustainability, fiscal reactions, pitfalls and determinants

Afonso, António; Coelho, José Carlos - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015442990

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Fiscal sustainability, fiscal reactions, pitfalls and determinants

Afonso, António; Coelho, José Carlos - 2022

Book / Working Paper

Fiscal Sustainability, Fiscal Reactions, Pitfalls and Determinants

Afonso, António; Coelho, José Carlos - 2022

Book / Working Paper

Economic survey of the Caribbean ; 2023

2025

This survey examines the economic performance of economies of the Caribbean in 2022 and the first few months of 2023 and comprises five chapters. The first chapter gives an overview of global, regional and subregional economic performance in the Caribbean. The second provides an analysis of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426552

Impact of public debt on public education expenditure : does institutional quality matter?

Mbewe, Gift; Zhao, Yanzhi; Tang, Chuanzhong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609138

Breaking glass ceilings in a dynamic era of increasing public debts

Malická, Lenka - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609478

Nexus between public debt, financial development, and the volatility of economic growth in emerging markets

Al-Assaf, Ghazi; Abdel-Halim, Morad - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612463

Private debt, public debt, and capital misallocation

Alimov, Behzod - 2025

The aim of this article is to determine whether increases in private and public indebtedness affect capital misallocation, which is measured as the dispersion in capital returns across firms in different industries. This aim is achieved by using a dataset containing industry-level data for 18...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596353

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Private debt, public debt, and capital misallocation

Alimov, Behzod - 2019

Book / Working Paper

Private debt, public debt, and capital misallocation

Alimov, Behzod - 2019

Book / Working Paper

Fiscal imbalances and asset returns : cross-sector fluctuations under the aggregate budget constraint

Gao, Junxiong; Plazzi, Alberto; Valkanov, Rossen I.; Yan, Xu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549730

The role of economic and public finance tools in achieving energy transition in Europe

Nuta, Alina Cristina; Huseynova, Rena; Tanasa, … - 2025

Europe's decarbonization calls for an increase in the resources used to ensure a fairer transition. The objective of this study is to evaluate the role of public finance in the decarbonization process, considering the context of various uncertainties. Data from 1995 to 2023 for selected European...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015552988

Monetary and fiscal policy interactions in the aftermath of an inflationary shock

Campos, Maria M.; Cardoso-Costa, José Miguel; Gomes, Sandra - 2025

This paper studies the effect of alternative monetary policy responses and the implementation of different fiscal policy measures to an inflationary shock in a monetary union, through the lens of a global DSGE model calibrated to the euro area. We find that a more aggressive monetary policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590268

Pollution, public debt, and growth : the question of sustainability

Davin, Marion; Fodha, Mouez; Seegmuller, Thomas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619658

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Pollution, public debt, and growth: the question of sustainability

Davin, Marion; Fodha, Mouez; Seegmuller, Thomas - 2024

Book / Working Paper

Pollution, public debt, and growth: the question of sustainability

Davin, Marion; Fodha, Mouez; Seegmuller, Thomas - 2024

Book / Working Paper

A cross-sectional panel ARDL approach to fiscal sustainability analysis

Campos, Eduardo Lima; Cysne, Rubens Penha - 2025

This study investigates the fiscal sustainability hypothesis for a panel of 88 countries from 2000-2020. We applied the cross-sectional panel ARDL methodology to estimate both short- and long-run effects, as well as fiscal reaction functions of government primary surplus in response to increases...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620360

Mitigation or adaptation to climate change? : the role of fiscal policy

Fodha, Mouez; Yamagami, Hiroaki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624824

The Tartar Steppe of Italian growth : strategies for renewal in a slowing Europe

Napoletano, Mauro; Toni, Francesco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641499

Public debt, oil rent, and financial development in mena countries : a fractional response model approach (FRM)

Alkhurayji, Mashael Fahad; Alhoshan, Hamed Mohammed - 2025

The rapid accumulation of public debt raises global concern over its implications for financial markets. This study examines the effect of domestic public debt on financial development in Middle East and North Africa (MENA) countries, a region marked by sharp heterogeneity in institutions, debt...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475197

Fiscal (un)sustainability in practice : local government finance in Visegrad economies

Uryszek, Tomasz; Kłysik-Uryszek, Agnieszka - 2025

The objective of this study is to evaluate the fiscal sustainability of Local Government Units (LGUs) in the Visegrad Group economies (Czechia, Hungary, Poland, and Slovakia; the V4), focusing on three key hypotheses: (1) LGUs in the V4 are involved in so-called Ponzi games; (2) the adverse...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015476949

The impact of public debt on economic growth : determining of factors and their interactions

Cibulskienė, Diana; Garšvienė, Lina; Butkus, Mindaugas; … - 2025

This article suggests that the expenditure multiplier and the interactions among its key components can help explain whether increasing public debt encourages or inhibits economic growth. As per the theoretical underpinnings of the effect of debt on growth, its influence is observable in regard...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015481278

Investment and saving opportunities for different socio-economic groups in medieval and early modern Europe

Nicolussi-Köhler, Stephan; Conti, Marco; … - 2025

This special issue focuses on the financial behaviour of different participants in European medieval and early modern financial markets. It extends our knowledge of the financial strategies employed by households, merchants, charities, city governments and corporations by asking what investment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398477