Surges in public debt in many countries since the COVID-19 pandemic have rekindled
interest in fiscal consolidations, which often entail difficult policy choices in the face of …

Public debt and its development are key questions of public sector economics and fiscal
policy. This paper uses the Synthetic Control Method to study how different large-scale steps …

This paper investigates the fiscal impact of the American Rescue Plan (ARP) on the post-
pandemic surge in US inflation. In the existing literature, the dominant strategy for identifying …

Using data for 110 countries and GMM estimations, we examine the effects of IMF programs
on economic growth. In addition to the traditional focus on the effects of program …

Rising debt vulnerabilities in low-and middle-income countries have rekindled interest in a
Brady Plan-style mechanism to facilitate debt restructurings. To inform this debate, this paper …

Crises often require economic consolidations that may unevenly affect different segments of
the population. Some crisis countries enter financial arrangements with the IMF and adopt …

This paper empirically examines the heterogeneous impacts of sudden stops in international
capital flows on economic growth. We identified 24 sudden stop episodes since 1990 and …

Being indebted represents significant risks associated with global financial instability in a
world where financial stability hangs precariously between debt and economic growth. The …

Surges in public debt in many countries since the COVID-19 pandemic have rekindled
interest in fiscal consolidations, which often entail difficult policy choices in the face of …

Rising debt vulnerabilities in low-and middle-income countries have rekindled interest in a
Brady Plan-style mechanism to facilitate debt restructurings. To inform this debate, this paper …