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F 27
Fatás, (Antonio),.
The motives to borrow / / by Antonio Fatás, Atish R. Ghosh, Ugo Panizza, Andrea F. Presbitero. - [Washington, D.C.] : : International Monetary Fund,, ©2019. - 1 online resource (54 pages). - (IMF Working Paper ; ; WP/19/101). - URL: https://library.dvfu.ru/lib/document/SK_ELIB/56143029-354B-4927-BBC5-FC25DD2581B5 . - ISBN 1498315321. - ISBN 9781498315326 (electronic bk.)
Online resource; title from PDF title page (IMF, viewed Aug 31, 2020).
Параллельные издания: Print version: : Fatás, Antonio. Motives to Borrow. - Washington, D.C. : International Monetary Fund, ©2019. - ISBN 9781498312103
Содержание:
Good motives to borrow -- Bad reasons to issue debt -- Debt, growth and Investment.
~РУБ DDC 336.34
Рубрики: Debts, Public--Economic aspects.
Economic development.
Fiscal policy.
Debts, Public--Economic aspects.
Economic development.
Fiscal policy.
Аннотация: Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven by political failures associated with intergenerational transfers, strategic manipulation, and common pool problems. These political failures are a major cause of overborrowing though budgetary institutions and fiscal rules can play a role in mitigating governments’ tendencies to overborrow. While it is difficult to establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price-in terms of lower growth and greater output volatility-for excessive debt accumulation.
Доп.точки доступа:
Ghosh, Atish R., \author.\
Panizza, Ugo, \author.\
International Monetary Fund,
F 27
Fatás, (Antonio),.
The motives to borrow / / by Antonio Fatás, Atish R. Ghosh, Ugo Panizza, Andrea F. Presbitero. - [Washington, D.C.] : : International Monetary Fund,, ©2019. - 1 online resource (54 pages). - (IMF Working Paper ; ; WP/19/101). - URL: https://library.dvfu.ru/lib/document/SK_ELIB/56143029-354B-4927-BBC5-FC25DD2581B5 . - ISBN 1498315321. - ISBN 9781498315326 (electronic bk.)
Online resource; title from PDF title page (IMF, viewed Aug 31, 2020).
Параллельные издания: Print version: : Fatás, Antonio. Motives to Borrow. - Washington, D.C. : International Monetary Fund, ©2019. - ISBN 9781498312103
Содержание:
Good motives to borrow -- Bad reasons to issue debt -- Debt, growth and Investment.
Рубрики: Debts, Public--Economic aspects.
Economic development.
Fiscal policy.
Debts, Public--Economic aspects.
Economic development.
Fiscal policy.
Аннотация: Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven by political failures associated with intergenerational transfers, strategic manipulation, and common pool problems. These political failures are a major cause of overborrowing though budgetary institutions and fiscal rules can play a role in mitigating governments’ tendencies to overborrow. While it is difficult to establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price-in terms of lower growth and greater output volatility-for excessive debt accumulation.
Доп.точки доступа:
Ghosh, Atish R., \author.\
Panizza, Ugo, \author.\
International Monetary Fund,
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