While the effect of higher public debt levels on economic growth has received much
attention, the literature partly points to contradictory results. This paper applies meta …

While public debt has risen in the last two decades, the return that it offers to investors has
fallen, especially relative to the return on private investment. This creates a revenue for the …

Taking advantage of key recent advances in long-run financial and economic data, this
paper analyzes the statistical properties of global long-maturity real interest rates over the …

The paper contributes to the debate on European macroeconomic governance. What is at
stake is creating fiscal space for eurozone countries, while ensuring the sustainability of …

We study emerging markets' 1980s lost growth decade, triggered by the massive reversal of
the snowball effect in the US during 1974–1984, finding that higher flow costs of servicing …

Taking advantage of key recent advances in long-run economic and financial data, we
analyze the statistical properties of global long-maturity real interest rates over the past …

The international financial system evolved out of the need for trade settlement and trade
credit as early as 4000 BCE. Then, from the late thirteenth century, the capital account …

Вступ. Розміри бюджетного дефіциту, структура його покриття та динаміка державного
боргу в період воєнного стану відображають переорієнтацію держави на першочергове …

How to finance the Green Transition toward net-zero carbon emissions remains an open
question. The literature either operates within a market-failure paradigm that calls for carbon …

Purpose This paper aims to unravel the puzzle that the United Kingdom's high-quality
government accounting and fiscal architecture is associated with low-quality outcomes …