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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Hlavní autor: Debrun, Xavier
Další autoři: Kinda, Tidiane
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/125
On-line přístup:Full text available on IMF