文章基本信息

标题：Public Debt in a Medium-Term Context and Its Implications for Fiscal Policy
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作者：Jean-Claude Chouraqui ; Brian Jones ; Robert Bruce Montador 等
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：1986
卷号：1986
DOI：10.1787/628367225815
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government sector's net worth. One particular aspect of this approach -- the implicit pension liabilities of governments -- is seen to have a significant bearing on the debt outlook in several countries. Finally, the paper assesses the sensitivity of the public debt profile under alternative fiscal policy settings ...