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:	2006
Authors:	Jaimovich, Dany ; Panizza, Ugo ; Campos, Camil F.S.
Publisher:	Washington, DC : Inter-American Development Bank, Research Department
Subject:	Öffentliche Schulden \| Haushaltsdefizit \| Welt

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Series:	Working Paper ; 554
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	513000259 [GVK] hdl:10419/88085 [Handle] RePEC:idb:wpaper:4449 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010327190