Found 5 article(s) for author 'Public Debt'

Odiousness Ratings for Public Debt

Odiousness Ratings for Public Debt. Ricardo Hausmann, August 30, 2017, Opinion, “Well-functioning markets should have shut down the Venezuelan regime’s access to finance long before US President Donald Trump did. The fact that they didn’t not only shocked the moral sentiments of many, but also revealed a fundamental defect in sovereign debt markets’ institutional architecture.Link

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Dealing with Debt

Dealing with Debt. Carmen M. Reinhart, Kenneth Rogoff, February 2015, Paper. “This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should governments eventually decide to do so. Orthodox ones for medium-term debt stabilization, the standard fare of officialdom, include enhancing growth, running primary budget surpluses, and privatizing government assets. Heterodox polices include restructuring debt contracts, generating unexpected inflation, taxing wealth, and repressing private finance. We examine 70 episodes across 22 advanced economies…” Link

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Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies. Ricardo Hausmann, September 2013, Paper. “This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most public debt is denominated in local currency. In advanced economies, the magnitude of the correlation…” Link Verified October 19, 2014

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Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies. Ricardo Hausmann, August 2013. “This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most public debt is denominated in local currency. In advanced economies, the magnitude of the correlation between debt levels and spreads is about one fifth of the corresponding correlation for emerging market economies…” Link

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Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma

Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma. Jeffrey A. Miron, January 8, 2013, Paper. “The United States faces two economic challenges: slow growth and an ever-increasing ratio of debt to GDP. Many policymakers believe they face a dilemma because the policy solutions to the two problems are opposite. To address the slow recovery, standard — Keynesian — economics suggests further fiscal stimulus in the form of lower taxes or higher spending. But that recommendation runs head-first into the economy’s second crucial challenge, the long-run fiscal imbalance. Yet policymakers are…” Link verified March 28, 2014

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