out of their debt trap. We do this with a highly stylized two-compartment dynamic model consisting of the stocks of money … debt trap: receipts must be slightly larger than outlays and there must be sufficient annual inflows of funds into the … take the U.S. economy out of its debt trap. …

out of their debt trap. We do this with a highly stylized two-compartment dynamic model consisting of the stocks of money … debt trap: receipts must be slightly larger than outlays and there must be sufficient annual inflows of funds into the … take the U.S. economy out of its debt trap. …

We explore sustainable paths out of a debt trap with a highly stylized two-sector differential equations model for the … correlation of 0.996. The solutions provide detailed ``escape conditions" from the debt trap. A primary surplus is required. Then … a government can escape its debt trap either through sustained annual monetary outflows from society to the government …

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the … suggest, for instance, that the Colombian public debt limit would be close to 68% of GDP and that the fiscal space-the gap … between the current debt level and the estimated debt limit-would reach 16 percentage points. Among the other Latin American …

This paper analyzes the sustainability of fiscal debt contingent on fiscal policy operating in two fiscal regimes. The … first regime is characterized by active policy (not reacting to debt) and the other by passive fiscal policy (reacting to … debt). The average duration for which either regime can be pursued in order to arrive at a long-run stable solution is …

This paper argues that serious fiscal vulnerabilities arising from many years of high government debt will create new … and complex interactions between public debt management (PDM) and monetary policy (MP). The paper notes that, although … separation of their policies from fiscal policy (FP). The mandates of debt management offices (DMOs) have usually had a …

seek to reduce fiscal deficits and reverse the increasing trend of public debt mainly through immediate spending cuts. The … in the medium and long run will abate debt-to-GDP ratios. That growth can result from coordinated supportive policies …

Debt is a fundamental component of modern economic systems. It serves as a source of financing for government, business …, and individual projects. Many earlier studies concentrated on the direct relationship between debt and economic … performance using different econometric methodologies. This work investigates the effect of debt on production efficiency …