Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy:
This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public de...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1986
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.30 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government sector's net worth. One particular aspect of this approach -- the implicit pension liabilities of governments -- is seen to have a significant bearing on the debt outlook in several countries. Finally, the paper assesses the sensitivity of the public debt profile under alternative fiscal policy settings ... |
| Beschreibung: | 1 Online-Ressource (70 p.) 21 x 29.7cm. |
| DOI: | 10.1787/628367225815 |
Internformat
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| 520 | |a This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government sector's net worth. One particular aspect of this approach -- the implicit pension liabilities of governments -- is seen to have a significant bearing on the debt outlook in several countries. Finally, the paper assesses the sensitivity of the public debt profile under alternative fiscal policy settings ... | ||
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| indexdate | 2024-07-16T15:07:22Z |
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| spelling | Chouraqui, Jean-Claude VerfasserIn aut Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy Jean-Claude, Chouraqui, Brian, Jones and Robert Bruce, Montador Paris OECD Publishing 1986 1 Online-Ressource (70 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.30 This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government sector's net worth. One particular aspect of this approach -- the implicit pension liabilities of governments -- is seen to have a significant bearing on the debt outlook in several countries. Finally, the paper assesses the sensitivity of the public debt profile under alternative fiscal policy settings ... Economics Jones, Brian MitwirkendeR ctb Montador, Robert Bruce MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/628367225815 Volltext |
| spellingShingle | Chouraqui, Jean-Claude Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy Economics |
| title | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy |
| title_auth | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy |
| title_exact_search | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy |
| title_full | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy Jean-Claude, Chouraqui, Brian, Jones and Robert Bruce, Montador |
| title_fullStr | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy Jean-Claude, Chouraqui, Brian, Jones and Robert Bruce, Montador |
| title_full_unstemmed | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy Jean-Claude, Chouraqui, Brian, Jones and Robert Bruce, Montador |
| title_short | Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy |
| title_sort | public debt in a medium term context and its implications for fiscal policy |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/628367225815 |
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