While the effect of higher public debt levels on economic growth has received much
attention, the literature partly points to contradictory results. This paper applies meta …

This paper surveys the recent literature on the links between public debt and economic
growth in advanced economies. We find that theoretical models yield ambiguous results …

MILTON Friedman in 1982 hailed Chile as an" economic miracle." Nearly a decade earlier,
Chile had turned to policies that have since been widely emulated across the globe. The …

This paper studies the relationship between public debt expansion and economic growth
and investigates whether the debt-growth relation varies with the level of indebtedness. We …

We study the long-run relationship between public debt and growth in a large panel of
countries. Our analysis builds on theoretical arguments and data considerations in …

This paper presents a comprehensive cross-country database of fiscal space, broadly
defined as the availability of budgetary resources for a government to service its financial …

This paper uses an instrumental variable approach to study whether public debt has a
causal effect on economic growth in a sample of OECD countries. The results are consistent …

This paper investigates the impact of competition on bank stability using data from 276
banks across eighteen MENA countries between 2006–2015. We controlled for financial …

Drawing on a newly collected historical dataset of fiscal stocks and flows, we analyze the
determinants of variation, both across countries and over time, in how fiscal policy responds …

We develop the theory of price-level determination in a range of models using both ad hoc
policy rules and jointly optimal monetary and fiscal policies and discuss empirical issues that …