[PDF] Top 20 Recurrent explosive behaviour of debt to GDP ratio

... detect explosive behaviour in the presence of recurrent explosive ...of explosive behaviour over the whole sample and can lack a power if there are shorter recurrent ... See full document

... various debt ratios such as debt-to-GDP ratio, debt-to- exports ratio and external debt-to-GNI ratio and debt servicing-to-GNI ratio for analyzing ... See full document

... government debt-GDP ratio changes the parents’ expectations about their children’s utility in the future, another possible force causing the baby ... See full document

... of debt sustainability and identifying a maximum sustainable debt ...a debt threshold as it pertains to growth would imply that this is the point beyond which debt become ...to debt ... See full document

... of debt by countries with ‘ample fiscal space’ (because the distorting costs of reducing debt would exceed expected crisis-insurance benefits) and opted for ‘organic’ reduction of debt-to-GDP ... See full document

... deficit ratio, which is the difference between budget revenue and budget expense, to the GDP ...Public Debt/GNP ratio to the starting level and being able to meet loans with public ...Public ... See full document

... a debt-to-GDP ratio of 60 per cent and keep annual deficits below 3 per cent of GDP, or face an ‘excessive deficit procedure’ with the potential for fines to be levied for the repeated breach ... See full document

... government debt, by introducing a (symmetric) fiscal rule according to which the primary surplus is a linear function of the deviation of the debt to GDP ratio relative to a target level (as ... See full document

... deflationary GDP gap). We show that the larger the growth rate of real GDP or the government expenditure by a fiscal policy over the ordinary growth rate is, the smaller the debt-to-GDP ... See full document

... a debt reduction objective over a five-year ...new debt level. Debt reduction objectives vary for differ- ent countries depending on their debt ...France’s debt dynamics and real public ... See full document

... Equation (15) is a key relationship of the model and provides a sensible index to assess the intertemporal (or long-run) sustainability of a government fiscal balance. It measures the present value of fiscal policy ... See full document

... deficit-to-GDP ratio laid down as a convergence criterion for integration with the European Union may prove inappropriate as the permissible level to maintain, as the monetary security appears to be much ... See full document

... When doing cross-country comparisons of debt-to-GDP ratios, we must keep in mind that both revenue-to-GDP ratios and the revenue composition also vary sub- stantially. Therefore, we must also take ... See full document

... public debt since the Great Recession has focused increasing attention on the issue of debt ...provides debt sustainability analyses for the Czech Republic and Slovakia by estimating their public ... See full document

... public debt has resulted from the changing economic paradigm during the last great ...public debt-to-GDP ratio dynamics, it is possible to indicate three types of ...public ... See full document

... government debt has no effect in a frictionless standard representative- agent model (Barro, ...ment debt plays a special role and has significant effects on macroeconomic quantities and asset prices ... See full document

... the debt/GDP ratio, real GDP and the German stock market index and is negatively associated with the exchange rate, the domestic interest rate, the expected inflation rate, and the euro area ... See full document

... of GDP in ...real GDP fell sharply, this was not enough to reduce the public debt to GDP ratio over the period as a ...made debt reduction much harder. In the early 1920s, the ... See full document

... government debt/GDP ratio continues to rise beyond a certain critical level in the future, its positive impact on the stock market index may ... See full document

... the debt overhang will start adding negative pressure on investors’ willingness to provide ...large debt. She also used a time variable to separate the debt effect from other ...of debt ... See full document