Economic Interdependence and the International Implications of Supply-Side Policies.
This paper evaluates the effect of foreign debt on investment in a heavily-indebted country, using numerical simulations of a simple rational expectations growth model. Two particular effects are distinguished. First, the effect due to 'debt overhang' of past accumulated debts; and second,...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1989.
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| Series: | IMF Working Papers; Working Paper ;
No. 1989/074 |
| Online Access: | Full text available on IMF |