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 p...

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Veröffentlicht in:	Emerging markets review 2006-09, Vol.7 (3), p.228-243
Hauptverfasser:	Campos, Camila F.S., Jaimovich, Dany, Panizza, Ugo
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance sheets Balance-sheet effects Debt Deficit Public debt Public sector Reconciliation Stocks Studies
Online-Zugang:	Volltext
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