The author uses a novel loan-level dataset covering lending by official creditors to developing country governments to construct an instrument for government spending. Loans from official creditors typically...
The authors study the transmission of business cycle fluctuations for developed (N) to developing economies (S) with a two-country, asymmetric, dynamic stochastic general equilibrium (DSGE) model with...
The author uses a novel loan-level dataset covering lending by official creditors to developing country governments to construct an instrument for government spending. These loans typically finance multiyear...