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...
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DETAILS
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2024/09/16
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Policy Research Working Paper
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WPS10907
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1
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2024/09/16
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Disclosed
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Hidden Debt Revelations
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Citation
Sebastian Andreas Horn; David Mihalyi; Nickol,Philipp; Sosa-Padilla,César.
Hidden Debt Revelations (English). Policy Research working paper;PROSPERITY Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099436209162426807