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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Xehetasun bibliografikoak
Erakunde egilea: International Monetary Fund
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1989.
Saila:IMF Working Papers; Working Paper ; No. 1989/074
Sarrera elektronikoa:Full text available on IMF