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Public Debt, Public Debt Markets and Monetary Policy in Colombia [PDF]
SSRN Electronic Journal, 2000 The purpose of this paper is to examine the main macro- and microinterrelationships between public debt policy and monetary policy in Colombia during 1995-1999, from the perspective of a central banker. Emphasis will be given to the financial developments of the last two years, a period in which Colombia´s capital markets have experienced significant ...
Patrícia Correa
core +8 more sources
The public debt multiplier [PDF]
Journal of Economic Dynamics and Control,Volume 132, November
2021, 104204, 2020 We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping generations framework. The debt multiplier is positive but quite small during normal times while it is much larger during crises.
Guido Ascari +3 more
arxiv +7 more sources
On the Determination of the Public Debt [PDF]
Journal of Political Economy, 1979 A public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence excess burden on the timing of taxation implies an optimal time path of debt issue. A central proposition is that
R. Barro
semanticscholar +4 more sources
Debt Revenue and the Sustainability of Public Debt
Journal of Economic Perspectives, 2022 While public debt has risen in the last two decades, the return that it offers to investors has fallen, especially relative to the return on private investment.
R. Reis
semanticscholar +3 more sources
An empirical investigation of determinants & sustainability of public debt in Pakistan. [PDF]
PLoS ONE, 2022 An assessment of debt dynamics and its sustainability is very important in formalizing prudent and effective macroeconomic policies especially for the economies with weak macroeconomic fundamentals and alarming debt levels.
Sundus, Samina Naveed, Tanweer Ul Islam
doaj +3 more sources
Public Debt Through the Ages [PDF]
IMF Working Papers, 2019 We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions, and financial crises also have a long ...
Barry Eichengreen +3 more
semanticscholar +4 more sources
The unexplained part of public debt [PDF]
Emerging Markets Review, 2006 This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation, the paper shows that this residual entity can be partly ...
Camila F. S. Campos +2 more
+10 more sources
Public Debt and Pension Policy [PDF]
Fiscal Studies, 1992 A.L. Bovenberg, Carel Petersen
openalex +6 more sources
Public Debt Management in Ukraine: The Problems and Directions of Optimization [PDF]
Bìznes Inform, 2022 The article analyzes the current state of Ukraine’s debt in unstable conditions. The economic essence of the term «public debt management», as well as regulatory and legal support for the implementation of debt policy in the State, is given.
Petyk Liubov O. +2 more
doaj +1 more source
Analysis of the Main Indicators on Romania's Public Debt in the Period 2015-2020 [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2021 This article aims to highlight how important it is to analyze and effectively manage a state's public debt in order to maintain a stable macroeconomic situation. In this sense, we made an analysis of the main indicators of public debt.
Ioana LAZARESCU +2 more
doaj +1 more source