ADB亚洲开发银行：2024债务冲击与新兴经济体产出和通货膨胀的动态报告（英文版）

Unexpected increases in public debt lead to significant declines in real gross domestic product and increases in inflation. Initial debt levels, domestic financial conditions, and income levels intensify the gross domestic product decline, while tighter global financial conditions mitigate these effects. Inflation impacts vary depending on fundamentals. The paper also identifies nonlinearities in the dynamics, with amplified effects during economic downturns.