Binding lower bounds on interest rates and large government deficits limit the scope of fiscal
and monetary policies to stimulate households' spending through financial intermediaries …

This paper investigates the threshold impact of government debt on economic growth in the
presence of fiscal consolidation in South Africa from 1979 to 2022. The autoregressive …

This article argues that an important, yet overlooked, determinant of the government
spending multiplier is the direction of the fiscal intervention. Regardless of whether we …

Using a novel regional database covering over 200 elections in several European countries,
this paper provides new empirical evidence on the political consequences of fiscal …

This paper explores the macroeconomic impact of social unrest, using a novel index based
on news reports. It shows that unrest has an adverse effect on economic activity, with GDP …

This paper investigates the impact of fiscal consolidation in different states on domestic
government debt in South Africa. The government budget constraint theoretical framework …

Do state-dependent local projections asymptotically recover the population responses of
macroeconomic aggregates to structural shocks? The answer to this question depends on …

ABSTRACT A fundamental question in organizational economics is how to structure
organizations to better align incentives across levels. While monitoring could mitigate …

Hidden debt is endemic throughout the sovereign credit market and poses a serious threat
to global financial stability. Yet, little is known about why governments conceal their liabilities …

A renewed interest in the link between business cycle and tax revenues has recently
emerged, especially during economic crises. In this paper, we provide an empirical analysis …