The Unexplained Part of Public Debt
Ugo Panizza and
Camil F.S. Campos
No 1571, IDB Publications (Working Papers) from Inter-American Development Bank
This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation, the paper shows that this residual entity can be partly explained by contingent liabilities and balancesheet effects.
Keywords: WP-554 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed
Downloads: (external link)
https://publications.iadb.org/publications/english ... t-of-Public-Debt.pdf (application/pdf)
Journal Article: The unexplained part of public debt (2006)
Working Paper: The Unexplained Part of Public Debt (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1571
Access Statistics for this paper
More papers in IDB Publications (Working Papers) from Inter-American Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library ().