Staff Discussion Notes

Dealing with High Debt in an Era of Low Growth

By S. M. Ali Abbas, Bernardin Akitoby, Jochen R. Andritzky, Helge Berger, Takuji Komatsuzaki, Justin Tyson

September 23, 2013

Download PDF

Preview Citation

Format: Chicago

S. M. Ali Abbas, Bernardin Akitoby, Jochen R. Andritzky, Helge Berger, Takuji Komatsuzaki, and Justin Tyson. Dealing with High Debt in an Era of Low Growth, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

Summary

task has become particularly challenging in European advanced economies where expectations of low growth and limits to monetary policy support are shifting the burden of adjustment onto fiscal consolidation. The SDN will investigate the main drivers behind successful past debt reversals, focusing on macroeconomic and financial market conditions, the speed and form of fiscal adjustment, and the institutional policy setting, among other things. Its policy conclusions will depend on the emerging stylized facts but are likely to include considerations on the design and pace of fiscal consolidation, taking into account country-specific as well as regional economic, institutional, and political factors.

Subject: Asset and liability management, Debt reduction, Fiscal consolidation, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt

Keywords: Debt, Debt ratio, Debt reduction, Debt reduction, Debt reversal, Economy, Europe, Financing debt, Fiscal Consolidation, Fiscal stance, GDP, General Government Debt, Global, Inflation, Interest rate, Multiplier effect, Public Debt Sustainability, Reduction episode, Risk premium, SDN

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Staff Discussion Notes No. 2013/007

  • Stock No:

    SDNEA2013007

  • ISBN:

    9781484316139

  • ISSN:

    2617-6750

You May Also Be Interested In...

Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings

November 18, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

Islamic Republic of Mauritania: Technical Assistance Project on Public Debt Projections: Scoping Mission Report

November 15, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024