Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies

By Atisha Ghosh, J. Kim, Enrique G. Mendoza, Jonathan D. Ostry, Mahvash S. Qureshi. 2013

716 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/bf583a54a59cba0eb5433977ae6f9e00ee4aba2b

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Citations in the corpus

Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why (2019, neutral): “measuring fiscal space (for example, Ghosh et al. 2013 and Kose et al. 2017) is also somewhat relevant to the issues we study. Relatedly, Obstfeld (2013), Elmendorf (2016), and other”
Quantitative Models of Sovereign Debt Crises (2016, neutral): “Ghosh et al. assume that the sovereign and investors avoid the wrong side of the Laffer curve and compute the highest debt level b̄ beyond which default is certain. Lorenzoni and Werning (2014) and Stangebye (2015b) study a similar setup but the focus is on the (19)The accumulation of foreign reserv”
Public debt and economic growth in advanced economies: A survey (2013, background): “Non-linearities may arise if there is a tipping point above which public debt suddenly become unsustainable (Ghosh et al., 2012, provide a formal model).”
What is a Sustainable Public Debt (2015, neutral): “nondiscriminatory default, and the role of domestic debt in providing liquidity to the corporate sector (see Guembel and Sussman (2009), Broner, Martin, and Ventura (2010), Broner and Ventura (2011), Gennaioli, Martin, and Rossi (2014), Basu (2009), Brutti (2011), Mengus (2014) and Di Casola and Sic”
Global Waves of Debt: Causes and Consequences (2021, background): “23 Using data for 23 advanced economies, debt limits for governments borrowing at the risk-free rate have been estimated at 150-250 percent of GDP depending on country characteristics (Ghosh et al. 2013).”
Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces (2012, background): “Celasun et al. (2007), Garcia and Rigobon (2005), and Mendoza and Oviedo (2004), among others, focus on emerging economies; while Bohn (1998) and Ghosh et al. (2011), among others, concentrate on advanced economies.”
Fiscal Rules and the Sovereign Default Premium (2022, neutral): “We complement the sustainability analysis (Adler and Sosa, 2013; Ghosh et al., 2011; Tanner and Samaké, 2006) commonly used in policy circles (see, e.g., IMF, 2013c, and IMF Article IV country reports) by modeling endogenous sovereign spreads (that, for example, capture the effects of the…”
Sovereign Debt Relief and its Aftermath (2016, background): “One of the expected bene ts of debt relief is that it reduces the cost of debt servicing, thus increasing the “ scal space” available to debtor governments (Ghosh et al. 2013).”