Boosting Fiscal Space: The Roles of GDP-Linked Debt and Longer Maturities
March 14, 2018
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Format: Chicago
Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary
Subject: Asset and liability management, Debt default, Debt limits, Debt service, External debt, Fiscal policy, Fiscal space, Fiscal stance
Keywords: Debt contract, Debt default, Debt duration, Debt limits, Debt limits of the GDP-linked bond, Debt service, Debt-stabilizing effect, Default risk, DP, DPPP, Expected return, Fiscal policy, Fiscal space, Fiscal stance, Global, Interest rate, Long-term debt, Risk neutrality, Short-term debt
Publication Details
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Pages:
47
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Volume:
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DOI:
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Issue:
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Series:
Departmental Paper No. 2018/004
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Stock No:
BFSGDPEA
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ISBN:
9781484330937
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ISSN:
2616-5333