Series: IMF Working Papers
Author(s): Laura Jaramillo , Carlos Mulas-Granados , and Elijah Kimani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 October 2016
Keywords: Public Debt, Debt Spikes, Stock Flow Adjsutment, SFA, Debt Forecasting
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 ar...