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La disyuntiva no es pagar o sisar la deuda, es pagarla a sobreprecio o a un precio justo

Author

Listed:
  • Mauricio Cabrera G.

    (Universidad Nacional de Colombia)

  • Jorge Iván González

    (Universidad Externado de Colombia y Universidad Nacional de Colombia)

Abstract

The article shows that the disjunctive stated by Hernández et. al. between pay or excise national public debt is not relevant. Discussion should focus on the current price that is paid for national public debt. Treasury is offering TES on the market at an interest rate much greater than DTF. This extra charge, besides is not justified, increases national debt. Current management of national public debt should be restated so that fiscal adjustment and economic recovery can be accomplished.

Suggested Citation

  • 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.
    • Handle: RePEc:rei:ecoins:v:2:y:2000:i:3:p:185-194
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/mcabrera3.pdf
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    References listed on IDEAS

    as
    1. 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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    Citations

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    Cited by:

    1. Alvaro Montenegro, 2004. "Lectura de la estadística fiscal," Documentos de Economía 3137, Universidad Javeriana - Bogotá.
    2. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    3. Sergio Clavijo, 2002. "Deuda Pública Cierta y Contingente: El caso de Colombia," Borradores de Economia 205, Banco de la Republica de Colombia.
    4. Eduardo Wiesner, 2011. "Colombia: la percepción de justicia distributiva y la demanda política por estabilidad macroeconómica," Documentos CEDE 8739, Universidad de los Andes, Facultad de Economía, CEDE.

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    More about this item

    Keywords

    fiscal deficit; public debt; monetary policy; interest rate;
    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

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