Re-thinking debt burden: Going with the Flow?

Vipul Bhatt () and Andre Neveu

No 2014-004, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: This paper provides an empirical measure of debt burden based on a flow measure of debt we call "DaaF". This paper provides an empirical measure of debt burden based on a flow measure of debt we call "DaaF". We find that although both measures have witnessed substantial growth, especially following the 2008 crisis, the growth in debt-to-GDP ratio is much more substantial. Given the increased scrutiny of the U.S. debt policy, primarily stemming from the narrative surrounding the high and rapidly rising debt-to-GDP ratio, our findings here provide a counterpoint based on a more reasonable measure of the debt burden.

Keywords: Debt; Fiscal Policy; Interest Rate; Debt Management (search for similar items in EconPapers)
JEL-codes: E6 E62 E66 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-08
New Economics Papers: this item is included in nep-mac
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Journal Article: Re-Thinking Debt Burden: Going with the Flow? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2014-004

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