The Blind Side of Public Debt Spikes

The Blind Side of Public Debt Spikes
What explains public debt spikes since the end of WWII? To answer this question, this paper identifies 179 debt spike episodes from 1945 to 2014 across advanced and developing countries. We find that debt spikes are not rare events and their probability increases with time. We then show that large public debt spikes are neither... READ MORE...

Publication date: October 2016
ISBN 9781475545043
$18.00

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