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- Mariana Paja (2017): Public Debt Sustenability Analysis
Assessing public debt sustainability has always been in the now and required an analysis of public debt management within the current macroeconomic environment along with the significant public debt increase in Romania. In the analysis of public debt sustainability performance are used the indicators that assess the risk that might arise due to the impact of economic conditions on debt. Romania's public debt according to EU methodology was located at a sustainable level of 38.2% of GDP at end-June 2016, well below the 60% ceiling set by the Maastricht Treaty.Moreover, throughout the period, including the financial and economic crisis, Romania was situated among EU Member States least indebted. It is important to note that annual funding requirement during 2010-2015, which is represented by the budget deficit and public debt refinancing, had a decreasing trend.
RePEc:brc:journl:v:35:y:2017:i:1:p:242-250 Save to MyIDEAS - Pradhan, Krishanu (2014): Is India's public debt sustainable?
The paper assesses the sustainability of public debt in India based on historical time series data on non-monetized liabilities/GDP, revenue/GDP and expenditure/GDP of combined Union and State governments. The assessment based on unit root analysis of non-monetized liabilities/GDP, and co-integrating analysis of expenditure/GDP and revenue/GDP shows the sustainability of public debt, mainly on account of accelerating GDP growth, lower cost of government borrowing, favorable currency composition and longer maturity profile of debt.
RePEc:sch:wpaper:311 Save to MyIDEAS - Grigoli, Francesco & Sandri, Damiano (2023): Public debt and household inflation expectations
We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household inflation expectations. We find that people underestimate public debt levels and increase inflation expectations when informed about the correct levels. ... Confidence in the central bank considerably reduces the sensitivity of inflation expectations to public debt. We also show that people associate high public debt with stagflationary effects and that the sensitivity of inflation expectations to public debt is considerably higher for women and low-income individuals.
RePEc:cpr:ceprdp:18010 Save to MyIDEAS - Monnet, Eric & Truong-Loï, Blaise (2020): The History and Politics of Public Debt Accounting
A country's public debt figures vary considerably in any given year, depending on the definitions used. ... We examine why and discuss the policy issues behind the definition and accounting of public debt in history. Based on a critical analysis of widely used historical sources, as well as case studies, this chapter discusses how to interpret historical public debt statistics. We examine general trends in the historical development of comparability of public debt statistics since the nineteenth century and distinguish three perspectives on debt accounting that have framed the construction of statistics over time: “financial†, “circuitist†and “benchmarking†. Since public debt accounting and policy depend on the way in which public debt is issued and traded and on the identity of creditors, each of these ideal types roughly corresponds to a historical period of capitalism.
RePEc:cpr:ceprdp:15347 Save to MyIDEAS - CANDALE VIRGIL & OPREAN MARIUS IOAN & OCOLISANU ANDREEA (2024): Study On The Impact Of Local Public Debt On The Total Public Debt At Eu Level
Local public debt and total public debt exert a significant influence on the financial sustainability of the public budgets. The impact of the local public debt on the total public debt is little addressed in the published literature, these two indicators being rather treated individually or in relation to other influencing factors. This study starts from the research hypothesis that supports a weak or non-existent financial dependence between the local public debt and the total public debt at the level of the EU states. ... The statistical methods used, namely the simple linear regression carried out at the EU level, show that there is no statistical link between the increase in local public debt and the total public debt.
RePEc:cbu:jrnlec:y:2024:v:2:p:144-151 Save to MyIDEAS - Noemia Goulart & Jorge Garrido (2013): Notebook on Public Debt
In this Notebook, the CFP seeks to answer interrogations related to the several public debt definitions, how is it calculated, the debt scope, as well as the factors that influence changes in public debt, namely why is the increase in debt not equal to the fiscal deficit.
RePEc:alf:cfpnbk:2013-01 Save to MyIDEAS - Caruntu Roxana Corina (2013): Public Debt: Structure And Characteristics Romania’S Case
Addressing the issue of public debt in the present context is extremely useful, both at the global level, especially at the level of Romania, since the country has faced and faces the difficulty of identifying and collecting the necessary resources from taxes, fees, mandatory contributions and other sources in sufficient size, so as to appeal to the borrowed resources as little as possible. The article presents the concept of government debt and its main features with reference to both the contracting public debt goal and its structure. In terms of the structure of public debt, the article makes reference to the concepts of internal public debt and external public debt.
RePEc:cbu:jrnlec:y:2013:v:3:p:30-35 Save to MyIDEAS - STEVAN GABER & ILIJA GRUEVSKI & VASILKA GABER (2013): Public Debt Management
The paper generally describes the segment of public debt management or especially the structure of public debt. It focuses on different kinds of risks which present potential danger for the public debt explosion.
RePEc:pdc:jrpieb:v:13:y:2013:i:2:p:12-18 Save to MyIDEAS - Cãruntu Roxana Corina (2012): Analysis of the Government and Local Public Debt in Romania
The concept of public debt is a complex one and it has been analyzed many times throughout the years but the current context influenced by the global financial and economic crisis highlights the importance of prudent public debt management. The term of public debt is based on the financial obligations of central and local public authorities towards their creditors. The article focuses in observing the evolution of total public debt and of its components in the period 2004 - August 2012.The purpose of the article is to highlight the current values of the public debt in order to show the state of the public finances of the country.
RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1022-1026 Save to MyIDEAS - Ando, Sakai & Mishra, Prachi & Patel, Nikhil & Peralta-Alva, Adrian & Presbitero, Andrea (2023): Fiscal Consolidation and Public Debt
High public debt is urging policy makers to consider strategies to rebuild buffers and preserve debt sustainability. Using a large sample of advanced and emerging countries, we focus on fiscal consolidation, and evaluate whether—and under which conditions—fiscal consolidation is likely to be associated with a durable reduction in public debt to GDP ratios. Our findings indicate that, on average, fiscal consolidation has a minimal impact on debt ratios. However, consolidations implemented during economic upturns and in environments with high potential for crowding out effects are more likely to be associated with sustained reductions in debt ratios.
RePEc:cpr:ceprdp:18548 Save to MyIDEAS