Información del autor
Documentos disponibles escritos por este autor (6)
Añadir el resultado a su cesta Hacer una sugerencia Refinar búsqueda
texto impreso
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction d[...]texto impreso
What explains public debt spikes? Are debt spikes different in emerging economies than in advanced countries? Analysis of 179 episodes from 1945 to 2014 shows that debt spikes are not rare events and their probability increases with time. Large [...]texto impreso
Are blind spots of public debt spikes sizable? And how do they affect financial stress indicators? This paper tackles these questions empirically, using information from 179 episodes of public debt spikes between 1945 and 2014. We find that larg[...]texto impreso
This paper explores the impact of elections on public investment. Working with a sample of 67 presidential and parliamentary democracies between 1975 and 2012, we find that the growth rate of nominal public investment is higher at the beginning [...]texto impreso
Gupta, Sanjeev ; Xue Liu, Estelle ; Mulas Granados, Carlos | International Monetary Fund (IMF) | 2015-12Virtually all countries need additional infrastructure such as roads, bridges, airports, telecommunications networks, power plants, and public transportation. With interest rates low—and, as a result, cheap financing for government spending—many[...]texto impreso
Jalles, Joao Tovar ; Mulas Granados, Carlos ; Tavares, José ; Correa Caro, Carolina | Routledge | 2018-03We examine how exchange rate regimes affect fiscal discipline by investigating European countries as they transitioned from flexible to fully fixed exchange rates under the Euro. We apply the synthetic control method to estimate, for each Eurozo[...]
