Economia
Crise da dívida na perspectiva histórica
Lessons from a century of large public debt reductions and build-ups
S. M. Ali Abbas Nazim Belhocine Asmaa El-Ganainy Mark Horton
18 December 2011 |
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As policymakers continue to grapple with high debts and the troubles that come with them, this column looks at the lessons from data on public debt in 178 countries stretching back as far as 1880. It argues that when faced with an unsustainable debt burden, slow but steady adjustment is the way to go.
Empirical work on debt cycles and debt sustainability has been constrained by lack of public debt data on a large number of countries over a long time period. Existing studies are based on datasets that either cover short time periods (such as Jaimovich and Panizza 2010) or omit a large number of countries (such as Reinhart and Rogoff 2010). In our latest study (Abbas et al 2011), we compile a comprehensive historical public debt database covering 178 countries, starting from 1880 for G7 countries and a few other advanced and emerging economies, and from 1920 for additional advanced and emerging economies. For low-income countries, data coverage generally starts in 1970 (Abbas et al 2011).
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Dívida Pública - Mapa Interativo
Our interactive graphic above shows the IMF's latest forecasts (updated in October 2012) for government gross debt as a percentage of GDP through to 2017. It also allows you to input your own long-term assumptions to project the likely path of debt...
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Fim Do Jogo
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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...
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Onde é A Crise Da Dívida Pública Mais Grave?
ASK most people to name the rich-world countries with the worst public finances and they will single out Portugal, Italy, Greece and Spain (aka the PIGS). But viewed in terms of adjustments to spending and revenue required to bring public debt down to...
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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...
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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...
Economia
