The size and composition of government debt in the euro area

Michal Slavík, Marta Rodríguez-Vives and Dagmar Hartwig Lojsch

No 132, Occasional Paper Series from European Central Bank

Abstract: This paper explains the various concepts of government debt in the euro area with particular emphasis on its size and composition. In terms of size, the paper focuses on different definitions that are in use, in particular the concept of gross general government debt used in the surveillance of the euro area countries, the total liabilities from the government balance sheet approach, and the net debt concept which subtracts government financial assets from the liability side. In addition, it discusses JEL Classification: E31, E58, F41, P24

Keywords: fiscal policies; government debt; Stability and Growth Pact; Sustainability (search for similar items in EconPapers)
Date: 2011-10
Note: 981968
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbops:2011132

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