 | The Premia on State-Contingent Sovereign Debt Instruments Author/Editor: Deniz O Igan, Taehoon Kim, Antoine Levy. Release Date:December, 2021 State-contingent debt instruments such as GDP-linked warrants have garnered attention as a potential tool to help debt-stressed economies smooth repayments over business cycles, yet very few studies more...
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| The Sources of Fiscal Fluctuations Author/Editor: Antoine Levy, Luca A Ricci, Alejandro M Werner. Release Date:October, 2020 This paper assesses the dynamic impact of global macroeconomic conditions, commodity price movements, shifts in portfolio preferences, and domestic shocks on fiscal outcomes—notably the budget more...
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