The Unexplained Part of Public Debt

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 explained by contingent liabilities and balancesheet effects

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Year of publication:	2011
Authors:	Campos, Camil F.S.
Other Persons:	Jaimovich, Dany (contributor) ; Panizza, Ugo (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Öffentliche Schulden \| Public debt \| Theorie \| Theory \| Haushaltsdefizit \| Budget deficit \| Welt \| World

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Extent:	1 Online-Ressource (38 p)
Series:	IDB Working Paper ; No. 461
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2006 erstellt
Other identifiers:	10.2139/ssrn.1820034 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013126259