Economia
BIS Working PapersNo 300The future of public debt: prospects and implications
by Stephen G Cecchetti, M S Mohanty and Fabrizio Zampolli
Monetary and Economic Department
Abstract
Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large and rising future costs related to the ageing of their populations. In this paper, we examine what current fiscal policy and expected future age-related spending imply for the path of debt/GDP ratios over the next several decades. Our projections of public debt ratios lead us to conclude that the path pursued by fiscal authorities in a number of industrial countries is unsustainable. Drastic measures are necessary to check the rapid growth of current and future liabilities of governments and reduce their adverse consequences for long-term growth and monetary stability.
- Dívida Pública - Mapa Global Interativa Da Dívida Dos Países
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is...
- Fim Do Jogo
Endgame: The End of the Debt SuperCycle and How It Changes Everything Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is...
- Os Limites Da Dívida Publica
Reinhart e Rogoff explicam: "... At what point does indebtedness become a problem? In our study “Growth in a Time of Debt,” we found relatively little association between public liabilities and growth for debt levels of less than 90 percent of GDP....
- Crescimento Econômico E Dívida Pública
"Finding the tipping point -- when sovereign debt turns bad" Author: Caner, Mehmet; Grennes,Thomas; Koehler-Geib, Fritzi; Collection Title: Policy Research working paper ; no. WPS 5391 Country: World; Date Stored: 2010/07/30 Document...
- Os Dez Mandamentos Do Ajuste Fiscal
De Olivier Blanchard e Carlo Cotarelli. São eles: Commandment I: You shall have a credible medium-term fiscal plan with a visible anchor (in terms of either an average pace of adjustment, or of a fiscal target to be achieved within four–five years)....
Economia
A futura da dívida pública: calote
BIS Working PapersNo 300The future of public debt: prospects and implications
by Stephen G Cecchetti, M S Mohanty and Fabrizio Zampolli
Monetary and Economic Department
Abstract
Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large and rising future costs related to the ageing of their populations. In this paper, we examine what current fiscal policy and expected future age-related spending imply for the path of debt/GDP ratios over the next several decades. Our projections of public debt ratios lead us to conclude that the path pursued by fiscal authorities in a number of industrial countries is unsustainable. Drastic measures are necessary to check the rapid growth of current and future liabilities of governments and reduce their adverse consequences for long-term growth and monetary stability.
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- Dívida Pública - Mapa Global Interativa Da Dívida Dos Países
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is...
- Fim Do Jogo
Endgame: The End of the Debt SuperCycle and How It Changes Everything Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is...
- Os Limites Da Dívida Publica
Reinhart e Rogoff explicam: "... At what point does indebtedness become a problem? In our study “Growth in a Time of Debt,” we found relatively little association between public liabilities and growth for debt levels of less than 90 percent of GDP....
- Crescimento Econômico E Dívida Pública
"Finding the tipping point -- when sovereign debt turns bad" Author: Caner, Mehmet; Grennes,Thomas; Koehler-Geib, Fritzi; Collection Title: Policy Research working paper ; no. WPS 5391 Country: World; Date Stored: 2010/07/30 Document...
- Os Dez Mandamentos Do Ajuste Fiscal
De Olivier Blanchard e Carlo Cotarelli. São eles: Commandment I: You shall have a credible medium-term fiscal plan with a visible anchor (in terms of either an average pace of adjustment, or of a fiscal target to be achieved within four–five years)....