Chargement en cours…
Public Debt Dynamics.
We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the likel...
| Cote: | Libro Electrónico |
|---|---|
| Auteur principal: | |
| Autres auteurs: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Washington :
International Monetary Fund,
2012.
|
| Collection: | IMF Working Papers.
|
| Sujets: | |
| Accès en ligne: | Texto completo |