Results 251 to 260 of about 6,980 (268)

Assessing Fiscal-Policy Sustainability: On the Different States of the Debt-to-GDP Process

, 2015
This paper assesses fiscal-policy sustainability. A sufficient condition for this is that public debt is on a stationary trajectory. This is tested by means of a very general Markov-switching augmented Dickey-Fuller (MS-ADF) model, which expands and ...
Anton Velinov
semanticscholar   +1 more source

The impact of shocks and policies on debt-to-GDP ratio dynamics: a multisectoral approach

Economia Politica
The dynamics of debt-to-GDP ratio is one of the major elements scrutinized by policymakers, especially in the present context characterized by the sequence of global financial crises, the Covid-19 pandemic and, more recently, armed conflicts in Europe. Such events call for greater public support to prevent economic collapse, raising questions about the
Deriu S., Signorelli M., Socci C., Pretaroli R., Severini F., Almonti L.   +5 more
openaire   +2 more sources

Determinants of GDP Growth and Debt-to-GDP: A Comparative Study of Finland and Greece after Joining the European Monetary Union

Journal of East-West Business
This paper analyzes Finland and Greece’s GDP growth and debt-to-GDP ratio post-European Monetary Union (EMU) accession. Using a robust ARDL with cointegration bounds model (2002–2021), and Johansen approach for cointegration, we find a positive impact of
Radoslav Yovchev, Petros Golitsis, K. Khudoykulov   +2 more
semanticscholar   +1 more source

Debt to GDP Ratio from the perspective of Functional Finance Theory and MMT

International Journal of Computational and Applied Mathematics & Computer Science, 2022
This paper will argue that since the ratio of government debt to GDP cannot diverge to infinity, fiscal collapse is not possible. Using a basic macroeconomic model in which the interest rate of government bonds is endogenously determined, with overlapping generations model in mind, we show the following results: 1) The budget deficit including interest
openaire   +1 more source

The Behavior of U. S. Public Debt and Deficits

, 1998
How do governments react to the accumulation of debt? Do they take corrective measures, or do they let the debt grow? Whereas standard time series tests cannot reject a unit root in the U. S.
Henning Bohn
semanticscholar   +1 more source

Internal devaluation and the Portuguese debt-to-GDP ratio

2015
Com a adesão ao euro, Portugal beneficiou de taxas de juros muito baixas, resultando num aumento exponencial dos empréstimos contraídos por agentes públicos e privados. Concomitantemente verificou-se o abrandamento do PIB Português e consequente aumento no seu rácio de dívida sobre o PIB, levando o país a uma “bola de neve” de problemas que está a ...
openaire   +1 more source

An Election Day Thought: The Ratio of US Debt to GDP

Wilmott
With 38 hours left before the results of the US election are announced a statistical investigation suggests that whatever the outcome is, the economic implications of both candidates will be far too little, far too late.
openaire   +1 more source

Sustainable Fiscal Policy with Rising Public Debt-To-Gdp Ratios [PDF]

, 2006
In financial and economic policy circles concerned with public debt in developing countries, a rising debt-GDP ratio is interpreted as a signal of overborrowing, warning of debt defaults if strong fiscal corrections are not adopted in time. This paper shows why this interpretation is incorrect by building a simple model of fiscal policy in which upward-
openaire  

Optimal management of debt-to-GDP ratio with regime-switching interest rate

2018
We consider the problem of a government that wants to manage the country's debt-to- GDP (gross domestic product) ratio. The latter evolves stochastically in continuous time, and its drift is given by the interest rate on government debt, net of the growth rate of GDP.
Ferrari, Giorgio, Rodosthenous, Neofytos
openaire   +1 more source

The Impact of the Government Debt-to-GDP Ratio on Investment Growth

2023
Eliphas Ndou, Nombulelo Gumata
openaire   +1 more source