Public Debt Dynamics : The Effects of Austerity, Inflation, and Growth Shocks /

We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the likel...

Descripció completa

Dades bibliogràfiques
Autor principal: Hasanov, Fuad
Altres autors: Cherif, Reda
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2012.
Col·lecció:IMF Working Papers; Working Paper ; No. 2012/230
Accés en línia:Full text available on IMF