That Squeezing Feeling : The Interest Burden and Public Debt Stabilization /

The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure solvency. The empirical analysis identifies thresholds of interest bill indicators beyond which governments a...

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Autor principal: Debrun, Xavier
Altres autors: Kinda, Tidiane
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2013.
Col·lecció:IMF Working Papers; Working Paper ; No. 2013/125
Accés en línia:Full text available on IMF