IDEAS home Printed from https://ideas.repec.org/a/rei/ecoins/v2y2000i3p149-184.html
   My bibliography  Save this article

La disyuntiva de la deuda pública: pagar o sisar

Author

Listed:
  • Antonio Hernández Gamarra

    (Contraloría General de la República)

  • Luis I. Lozano Espitia

    (Banco de la República)

  • Martha Misas Arango

    (Banco de la República)

Abstract

This paper contributes to the debate regarding national government debt. It asks if government should excise public debt through inflation or pay it as it was stipulated, and argues that, from an economic and social point of view, what is desirable is the just fulfillment of State obligations. First section describes the evolution of national government finances over the last ten years. Second section shows different simulations to analyze the determinants of interest payments. Final section examines proposals that seek to reduce public debt though monetary emission and discusses some of its possible consequences.

Suggested Citation

  • 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.
    • Handle: RePEc:rei:ecoins:v:2:y:2000:i:3:p:149-184
    as

    Download full text from publisher

    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/ahernandez3.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sergio Clavijo, 2001. "Fallos y Fallas Económicas de las Altas Cortes: El caso de Colombia 1991-2000," Borradores de Economia 173, Banco de la Republica de Colombia.
    2. Lozano Luis Ignacio & Carolina Aristizábal, 2003. "Déficit público y desempeno económico en la década del noventa. El caso colombiano," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, September.
    3. Carlos Esteban Posada & Luis Eduardo Arango, 2000. "¿Podemos sostener la Deuda Pública?," Borradores de Economia 165, Banco de la Republica de Colombia.
    4. Sergio Clavijo, 2002. "Deuda Pública Cierta y Contingente: El caso de Colombia," Borradores de Economia 205, Banco de la Republica de Colombia.
    5. Alvaro Montenegro, 2004. "Lectura de la estadística fiscal," Documentos de Economía 3137, Universidad Javeriana - Bogotá.
    6. Carlos Esteban Posada P. & Luis Eduardo Arango, 2000. "Podremos Sostener La Deuda Pública?," Borradores de Economia 3330, Banco de la Republica.
    7. Mauricio Cabrera G. & Jorge Iván González, 2000. "La disyuntiva no es pagar o sisar la deuda, es pagarla a sobreprecio o a un precio justo," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 2(3), pages 185-194, July-dece.
    8. Sergio Clavijo, 2001. "Viabilidad de la Deuda Externa Colombiana," Borradores de Economia 179, Banco de la Republica de Colombia.

    More about this item

    Keywords

    public debt; fiscal deficit; monetary policy; central bank;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rei:ecoins:v:2:y:2000:i:3:p:149-184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paola Rodríguez (email available below). General contact details of provider: https://edirc.repec.org/data/feextco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.