How reliable are public debt statistics? This paper quantifies the magnitude, characteristics, and timing of hidden debt by tracking ex post data revisions across a comprehensive new database of more than 50 vintages of World Bank debt statistics. In a sample of debt data covering 146 countries and 53 years, the paper establishes three new stylized facts: (i) debt statistics are systematically under-reported; (ii) hidden debt accumulates in boom years...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2024/09/16
-
Рабочий документ в рамках исследования вопросов политики
-
WPS10907
-
1
-
2024/09/16
-
Disclosed
-
Hidden Debt Revelations
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)