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¿Podemos sostener la deuda pública?

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  • Carlos Esteban Posada
  • Luis Eduardo Arango

Abstract

Resumen Se presentan argumentos que indican que es necesario, ahora, disenar una estrategia convincente de generación de superávit fiscales primarios futuros (permanentes) cuyo rango está entre 0.9% y 1.5% del PIB, de manera que el actual nivel de endeudamiento pueda ser juzgado sostenible. En tal caso, su resultado inmediato sería la reducción del “spread” de la deuda. ********************************************************************** This paper shows the necessity of designing a convincing strategy for generating permanent primary budget surpluses in the future, within a range of 0.9% to 1.5% of GDP, in order to make the present level of indebtedness sustainable. In such a case, the immediate result of the previous actions would be a reduction of “spread” on the debt.

Suggested Citation

  • Carlos Esteban Posada & Luis Eduardo Arango, 2000. "¿Podemos sostener la deuda pública?," Borradores de Investigación 3817, Universidad del Rosario.
    • Handle: RePEc:col:000091:003817
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    File URL: http://repository.urosario.edu.co/bitstream/handle/10336/11285/3817.pdf
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    References listed on IDEAS

    as
    1. Patricia Correa, 2000. "Public Debt , Publit Debt Markets And Monetary Policy In Colombia," Borradores de Economia 3406, Banco de la Republica.
    2. Patricia Correa, 2000. "Public Debt, Public Debt Markets and Monetary Policy in Colombia," Borradores de Economia 147, Banco de la Republica de Colombia.
    3. Carlos Esteban Posada, 2000. "Señoraje, Impuesto Inflacionario y Utilidades (Brutas) del Emisor:Definiciones y Medidas del Caso Colombiano Reciente," Borradores de Economia 140, Banco de la Republica de Colombia.
    4. Alberto Alesina & Roberto Perotti, 1997. "Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects," IMF Staff Papers, Palgrave Macmillan, vol. 44(2), pages 210-248, June.
    5. Carlos Esteban Posada, 2000. "Señoraje, Impuesto Inflacionario y Utilidades (Brutas) del Emisor: Definiciones y Medidas del Caso Colombiano Reciente," Borradores de Economia 3492, Banco de la Republica.
    6. Antonio Hernández Gamarra & Luis I. Lozano Espitia & Martha Misas Arango, 2000. "La disyuntiva de la deuda pública: pagar o sisar," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 2(3), pages 149-184, July-dece.
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    Cited by:

    1. María Angélica Arbeláez Restrepo & Ulpiano Ayala Oramas & James Poterba, 2002. "Debt and Deficits:Colombia´s Unsustainable Fiscal Mix," Informes de Investigación 2250, Fedesarrollo.

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    More about this item

    Keywords

    gasto público; superávit (déficit) primario; deuda pública; spread de la deuda.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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