Optimal Correction of the Public Debt and Measures of Fiscal ...

Optimal correction of the public debt and measures of fiscal soundness

2 The optimal reactivity of the primary balance to the debt ratio decreases in the degree of uncertainty surrounding the effects of fiscal ...

Under the optimal solution the surplus reactivity to the debt-GDP ratio is independent of the debt ratio itself, but its size depends on the degree of ...

Optimal Correction of the Public Debt and Measures of Fiscal ...

Optimal Correction of the Public Debt and Measures of Fiscal Soundness ... This paper derives the optimal response of the primary budget balance ...

Optimal correction of the public debt and measures of fiscal soundness

An earlier version of this paper circulated under the title “Optimal Correction of the Public Debt and Fiscal Resilience Measures”. The views ...

Optimal correction of the public debt and measures of fiscal soundness

Under the optimal solution, the surplus reactivity to the debt‐GDP ratio is independent of the debt ratio itself, but its size depends on the degree of ...

Optimal Correction of the Public Debt and Fiscal Resilience Measures

This paper derives the optimal response of the primary budget surplus to changes in the debt-to-GDP ratio in a stochastic model of debt.

Optimal correction of the public debt and measures of fiscal ...

Request PDF | Optimal correction of the public debt and measures of fiscal soundness | This paper derives the optimal response of the primary budget balance ...

Optimal Correction of the Public Debt and Fiscal Resilience Measures

This paper derives the optimal response of the primary budget surplus to changes in the debt-to-GDP ratio in a stochastic model of debt. Under the optimal ...

Optimal correction of the public debt and measures of fiscal soundness

This paper derives the optimal response of the primary budget balance to changes in the public debt as a share of gross domestic product (GDP) in a stochastic ...

Optimal Correction of the Public Debt and Fiscal Resilience Measures

Request PDF | On Jan 1, 2020, Barbara Annicchiarico and others published Optimal Correction of the Public Debt and Fiscal Resilience Measures | Find, ...

5 Ways Governments Reduce National Debt - Investopedia

Financial repression is a term that describes measures by which governments channel funds to themselves as a form of debt reduction. ... A euro medium-term note ...

Chapter 6. Fiscal Sustainability and Public Debt Limits in the ...

Simple approaches include, as an example, the debt stabilizing primary balance, whereas complex approaches aim to measure optimal debt levels within welfare- ...

On the Optimal Management of Public Debt: a Singular Stochastic ...

The government aims at choosing a debt reduction policy which minimizes the total expected cost of having debt, plus the total expected cost of interventions on ...

Understanding the National Debt | U.S. Treasury Fiscal Data

The federal government currently has $35.96 trillion in federal debt. Learn how the national debt works and how it impacts you.

Public Debt Dynamics and the Impact of Fiscal Policy in - IMF eLibrary

We find that GDP growth shocks and the corresponding comovements of macroeconomic variables are the key drivers of debt to GDP.

Reinforcing the public debt reduction strategy - OECD iLibrary

Fiscal consolidation measures have reduced income inequality. Fiscal consolidation has been undertaken in such a way as to reduce income inequality, both ...

optimal debt management - National Bureau of Economic Research

The taxes may also be differentiated by type-levies may fall on labor income, capital income, consumption, bodies, and so on. A fiscal authority also chooses ...

Finding the Tipping Point - When Sovereign Debt Turns Bad

In addition, projections of standard measures of public debt relative ... “Sovereign Debt Risk and Fiscal Policy in Sweden.” NBER,. Working Paper 15810 ...

Optimal public debt redux - ScienceDirect.com

We find that the optimal share of public debt is a surplus when welfare is computed by comparing stationary equilibria. Specifically, the implied welfare- ...

When Does Federal Debt Reach Unsustainable Levels?

... fiscal policy will provide substantial corrective measures ahead of time. ... government debt that materially change financial market prices.