Debt reduction and fiscal
II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal
... brings debt ratios back to current ...high fiscal multipliers, it is likely that some consolidation packages will lead to temporary short-term debt increases that will lengthen the horizon over which ...
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The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean
... large debt reductions. Their main results were that major debt reductions are mainly driven by decisive and lasting fiscal consolidation efforts focused on reducing government expenditure, ...
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DEBT REDUCTION, FISCAL ADJUSTMENT, AND GROWTH IN CREDIT-CONSTRAINED ECONOMIES
... of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt ...public debt reduction driven by discretionary ...
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DEBT REDUCTION, FISCAL ADJUSTMENT AND GROWTH IN CREDIT-CONSTRAINED ECONOMIES
... from debt relief and selected the public debt reduction spells in which a discretionary fiscal adjustment had taken ...Public debt reductions that rely on higher tax rates reduce ...
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The Challenge of Debt Reduction during Fiscal Consolidation
... a fiscal rule based on the latter, shouldn’t a rule based on the former also be met? There is no simple answer to this question, although two elements warrant the use of the ...the debt ratio has become an ...
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Debt Reduction,Fiscal Adjustment and Growth in Credit-Constrained Economies
... Protecting short-term growth during adjustment supports higher medium-term output expansion. Reforms to enhance competitiveness, social safety net can help limit[r] ...
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Debt Accumulation, Debt Reduction, and Debt Spillovers in Canada, *
... of debt accumulation, the sub-national level of government in Canada was, to a large extent, a victim of ...the debt-to-output ratio at the sub-national level can be levied at the fiscal choices made ...
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Debt Reduction Plan 2005 Debt Reduction and the Offshore Offset Agreement
... The Government of Canada has committed to provide Nova Scotia with a payment of $830 million in this fiscal year to compensate for offshore resource revenues clawed back under the equalization formula. Premier ...
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Fiscal Policy and the National Debt
... of debt reduction, consider the debt ratio falling from its peak of about 70 percent in the early 1990s to ...the debt ratio of ...the debt is eliminated), there is this additional ...
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Fiscal Implications of Debt and Debt Relief: Issues Paper
... external debt relief case ...domestic debt reduction does not lead to aggregate monetary instability if it is financed from abroad, as opposed to being financed by money ...domestic debt need ...
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Debt reduction and automatic stabilisation
... which fiscal authorities are subject to borrowing limits of some sort – in the vein of Bertola and Drazen (1993) – either explicitly via rules gov- erning public finances or implicitly via, for instance, credit ...
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Fiscal aspects of developing countrydebt problems and debt and debt-service reduction operations : a conceptual framework
... If creditors do not relinquish these claims (that is, if debt is not written down), then the difference between the face value of the debt and its current market value remains[r] ...
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Debt stabilizing fiscal rules
... debt requires a stabilizing response via π k which leads to quite different accumula- tion equations under the g t -regime and the η t -regime. For an intuitive explanation, it helps to realize that, compared with ...
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Debt and Fiscal Sustainability in Sri Lanka
... of debt in Sri Lanka After gaining the independence in 1948, Sri Lanka has come almost full circle with respect to economic policy ...the reduction of direct government participation in the ...foreign ...
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Debt Relief and Fiscal Sustainability for HIPCs *
... The enhanced HIPC initiative is distinguished from previous debt relief programs by its conditionality—that freed resources must be used for poverty reduction. We argue that this conditionality implies no ...
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Public Debt and the Fiscal Adjustment Program
... the reduction in the time limit, as long as there is excess, would be prohibited from receiving voluntary transfers, obtain guaranty, directly or indirectly from another entity and contract loans 12 ...the ...
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Fiscal stimulus for debt intolerant countries?
... short-lived reduction in financing, as many observers believed at the time, emerging markets would have been well-placed to cope with the ...short-lived fiscal response that entailed increasing government ...
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Future Fiscal Adjustments and Debt Sustainability
... the reduction in oil prices or the share of oil in output will be ...The reduction in taxes increases household’s disposable income, and increase private ...in debt are results of an exogenous ...
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Debt crisis and fiscal consolidation in Spain
... of fiscal consolidation may lead to a fall in GDP growth and unemployment ...a reduction in budgetary flexibility which can make difficult the use of the appropriate pro- cyclical fiscal ...market. ...
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Fiscal policy and public debt in Kenya
... in debt stabilization should ensure that any increase in debt levels is accompanied by a reduction in budget deficit or run a budget ...on debt to GDP ratio to fiscal balance is shown ...
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