Trilemma redux: New evidence from emerging market economies by Maurice Obstfeld, Jonathan D. Ostry, Mahvash S. Qureshi published by VOXEU (8/2017). “The synchronous rise and fall of cross-border capital flows, domestic credit, and asset prices across countries has raised…
Fiscal fatigue, fiscal space and debt sustainability in advanced economies by Atish R. Ghosh, Jun I. Kim, Enrique G. Mendoza, Jonathan D. Ostry and Mahvash S. Qureshi published by NBER (2/2011). “Using data for 23 advanced economies over 1970-2007,…