Acosta Ormaechea, Santiago Leonardo Enrique - 2020
, is exposed to exchange rate fluctuations that could affect the value of public debt to GDP ratios over time. This paper …-due to intra-year exchange rate fluctuations-that affects public debt accumulation. Importantly, the inclusion of this often …-ignored stock-flow adjustment term is critical to accurately project public debt levels and any related indicator that could in turn …