The implications of public debt. a model
The crisis of the public debt generally is the reflect of a fiscalcrisis. As in the model, where the external debt belongs to thegovernment. when the external financing stops, the governments can not reduce its deficits at the same speed so they have to look out for internal financing. The model sho...
- Autores:
-
Salas, Gustavo
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 1997
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/48230
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/48230
http://bdigital.unal.edu.co/41592/
- Palabra clave:
- Deuda publica
crisis fiscal
endeudamiento externo
financiamiento externo
déficit
estabilidad macroeconómica
impuestos
mercado
capital
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | The crisis of the public debt generally is the reflect of a fiscalcrisis. As in the model, where the external debt belongs to thegovernment. when the external financing stops, the governments can not reduce its deficits at the same speed so they have to look out for internal financing. The model shows that if the economy is not growing, the financing with debt constítutes and additional factor of perturbation to the macroeconomic stability |
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