How Do Public Debt Cycles Interact with Financial Cycles? /

We employ a duration model to study determinants of public debt cycles in 57 advanced and emerging economies over the 1960-2014 period, with a particular focus on the impact of financial cycles. The results suggest that the association between financial and debt cycles is asymmetric. Debt expansions...

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Xehetasun bibliografikoak
Egile nagusia: Poghosyan, Tigran
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/248
Sarrera elektronikoa:Full text available on IMF