Abstract
Michaelowa (2003, 2002) proposes a political-economy model to explain the re-design of the Heavily Indebted Poor Country (HIPC) debt reliefinitiative in 1999. The principal assumption justifying the adoption of thisalternative approach is an alleged paucity, if not non-existence, of applied economic research on sustainable debt levels. This note challenges that assumption.
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Hjertholm, P. Explaining the Enhanced HIPC Initiative: A Response to Michaelowa (2003). Public Choice 121, 481–483 (2004). https://doi.org/10.1007/s11127-004-3285-3
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DOI: https://doi.org/10.1007/s11127-004-3285-3