Coordinating public debt management with fiscal and monetary policies : an analytical framework
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Végh, 2005.
"When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies,"
NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 11-82,
National Bureau of Economic Research, Inc.
- Reinhart, Carmen & Kaminsky, Graciela & Vegh, Carlos, 2004. "When it rains, it pours: Procyclical capital flows and macroeconomic policies," MPRA Paper 13883, University Library of Munich, Germany.
- Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Vegh, 2004. "When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Working Papers 10780, National Bureau of Economic Research, Inc.
- Graeme Wheeler, 2004. "Sound Practice in Government Debt Management," World Bank Publications - Books, The World Bank Group, number 15017, December.
- Fernando A. Broner & Guido Lorenzoni & Sergio L. Schmukler, 2013.
"Why Do Emerging Economies Borrow Short Term?,"
Journal of the European Economic Association, European Economic Association, vol. 11, pages 67-100, January.
- Fernando Broner & Guido Lorenzoni & Sergio L. Schmukler, "undated". "Why Do Emerging Economies Borrow Short Term?," Working Papers 308, Barcelona School of Economics.
- Fernando Broner & Guido Lorenzoni & Sergio Schmuckler, 2006. "Why Do Emerging Economies Borrow Short Term?," 2006 Meeting Papers 841, Society for Economic Dynamics.
- Broner, Fernando A. & Lorenzoni, Guido & Schmukler, Sergio L., 2004. "Why do emerging economies borrow short term?," Policy Research Working Paper Series 3389, The World Bank.
- Fernando A. Broner & Guido Lorenzoni & Sergio L. Schmukler, 2007. "Why Do Emerging Economies Borrow Short Term?," NBER Working Papers 13076, National Bureau of Economic Research, Inc.
- Schmukler, Sergio & Broner, Fernando & Lorenzoni, Guido, 2007. "Why Do Emerging Economies Borrow Short Term?," CEPR Discussion Papers 6249, C.E.P.R. Discussion Papers.
- Fernando Broner & Guido Lorenzoni & Sergio L. Schmukler, 2003. "Why do emerging economies borrow short term?," Economics Working Papers 838, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2011.
- Ernesto Talvi & Carlos A. Vegh, 2000. "Tax Base Variability and Procyclical Fiscal Policy," NBER Working Papers 7499, National Bureau of Economic Research, Inc.
- Bohn, Henning, 1991.
"The Sustainability of Budget Deficits with Lump-Sum and with Income-Based Taxation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(3), pages 580-604, August.
- Henning Bohn, 1991. "The sustainability of budget deficits with lump-sum and with income-based taxation," Proceedings, Federal Reserve Bank of Cleveland, pages 580-612.
- Henning Bohn, "undated". "The Sustainability of Budget Deficits with Lump-Sum and with Income-Based Taxation," Rodney L. White Center for Financial Research Working Papers 17-90, Wharton School Rodney L. White Center for Financial Research.
- Bohn, H., 1990. "The Substainability Of Budget Deficits With Lump-Sum And With Income-Based Taxation," Weiss Center Working Papers 17-90, Wharton School - Weiss Center for International Financial Research.
- Robert J. Barro, 1999.
"Notes on Optimal Debt Management,"
Journal of Applied Economics, Taylor & Francis Journals, vol. 2(2), pages 281-289, November.
- Robert J. Barro, 1999. "Notes on Optimal Debt Management," Journal of Applied Economics, Universidad del CEMA, vol. 2, pages 281-289, November.
- Dooley, Michael P., 2000. "Debt management and crisis in developing countries," Journal of Development Economics, Elsevier, vol. 63(1), pages 45-58, October.
- Alan S. Blinder, 1982. "Issues in the Coordination of Monetary and Fiscal Policy," NBER Working Papers 0982, National Bureau of Economic Research, Inc.
- Missale, Alessandro, 1997. "Managing the Public Debt: The Optimal Taxation Approach," Journal of Economic Surveys, Wiley Blackwell, vol. 11(3), pages 235-265, September.
- Bohn, Henning, 1995.
"The Sustainability of Budget Deficits in a Stochastic Economy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 257-271, February.
- Bohn, H., 1990. "The Sutainability Of Budget Deficits In A Stochastic Economy," Weiss Center Working Papers 6-90, Wharton School - Weiss Center for International Financial Research.
- repec:bge:wpaper:185 is not listed on IDEAS
- Rudi Dornbusch, 1998.
"Debt and Monetary Policy: The Policy Issues,"
International Economic Association Series, in: Guillermo Calvo & Mervyn King (ed.), The Debt Burden and its Consequences for Monetary Policy, chapter 1, pages 3-27,
Palgrave Macmillan.
- Rudi Dornbusch, 1996. "Debt and Monetary Policy: The Policy Issues," NBER Working Papers 5573, National Bureau of Economic Research, Inc.
- Missale, Alessandro & Blanchard, Olivier Jean, 1994.
"The Debt Burden and Debt Maturity,"
American Economic Review, American Economic Association, vol. 84(1), pages 309-319, March.
- Alessandro Missale & Olivier Jean Blanchard, 1991. "The Debt Burden and Debt Maturity," NBER Working Papers 3944, National Bureau of Economic Research, Inc.
- Joshua Aizenman & Kenneth M. Kletzer & Brian Pinto, 2005.
"Sargent-Wallace meets Krugman-Flood-Garber, or: why sovereign debt swaps do not avert macroeconomic crises,"
Economic Journal, Royal Economic Society, vol. 115(503), pages 343-367, April.
- Joshua Aizenman & Kenneth M. Kletzer & Brian Pinto, 2002. "Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises," NBER Working Papers 9190, National Bureau of Economic Research, Inc.
- J. B. Taylor & M. Woodford (ed.), 1999. "Handbook of Macroeconomics," Handbook of Macroeconomics, Elsevier, edition 1, volume 1, number 1.
- World Bank, 2007. "Managing Public Debt : From Diagnostics to Reform Implementation," World Bank Publications - Books, The World Bank Group, number 6658, December.
- Alessandro Missale, 1997. "Managing the Public Debt: The Optimal Taxation Approach," Journal of Economic Surveys, Wiley Blackwell, vol. 11(3), pages 235-265, September.
- Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Faut-il nécessairement minimiser la charge d'intérêt de la dette?
by contact@captaineconomics.fr (Le Captain') in Captain Economics on 2012-07-13 17:04:09
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jacob Engwerda & Davoud Mahmoudinia & Rahim Dalali Isfahani, 2016.
"Government and Central Bank Interaction under Uncertainty: A Differential Games Approach,"
Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 20(2), pages 225-259, Spring.
- Engwerda, Jacob & Mahmoudinia, D. & Isfahani, Rahim Dalali, 2016. "Government and Central Bank Interaction under uncertainty : A Differential Games Approach," Other publications TiSEM 8da07e25-a1e7-4d91-8829-1, Tilburg University, School of Economics and Management.
- Engwerda, Jacob & Mahmoudinia, D. & Isfahani, Rahim Dalali, 2016. "Government and Central Bank Interaction under uncertainty : A Differential Games Approach," Discussion Paper 2016-012, Tilburg University, Center for Economic Research.
- Melecky, Martin, 2012. "Formulation of public debt management strategies: An empirical study of possible drivers," Economic Systems, Elsevier, vol. 36(2), pages 218-234.
- Daly, Hounaida & Smida, Mounir, 2013. "Interaction entre politique monétaire et politique budgétaire:Cas de la Grèce [Fiscal and Monetary Policy Interactions : The Greece Case]," MPRA Paper 45931, University Library of Munich, Germany.
- Abdulkadir Abdulrashid Rafindadi & Abdulazeez Musa, 2019. "An Empirical Analysis of the Impact of Public Debt Management Strategies on Nigeria's Debt Profile," International Journal of Economics and Financial Issues, Econjournals, vol. 9(2), pages 125-137.
- Christophe Schalck, 2019. "Investigating shifts in public debt management behaviour in France," Economics Bulletin, AccessEcon, vol. 39(2), pages 1656-1665.
- Ministry of Finance, 2009. "Report of the Internal Working Group on Debt Management," Working Papers id:2111, eSocialSciences.
- Daly, Hounaida & Smida, Mounir, 2013.
"La coordination des politiques monétaire et budgétaire: Aperçu théorique [Coordination of monetary and fiscal policies: Theoretical Overview],"
MPRA Paper
48020, University Library of Munich, Germany.
- Daly, Hounaida & Smida, Mounir, 2013. "La coordination des politiques monétaire et budgétaire: Aperçu théorique [Coordination of monetary and fiscal policies: Theoretical Overview]," MPRA Paper 48066, University Library of Munich, Germany.
- Gabriel Caldas Montes & Júlio Cesar Albuquerque Bastos, 2013. "Economic policies, macroeconomic environment and entrepreneurs' expectations," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 40(3), pages 334-354, July.
- Thordur Jonasson & Mr. Michael G. Papaioannou, 2018. "A Primer on Managing Sovereign Debt-Portfolio Risks," IMF Working Papers 2018/074, International Monetary Fund.
- Mr. Jorge A Chan-Lau & Mr. Andre O Santos, 2010. "Public Debt Sustainability and Management in a Compound Option Framework," IMF Working Papers 2010/002, International Monetary Fund.
- Z. Nikooeinejad & M. Heydari & M. Saffarzadeh & G. B. Loghmani & J. Engwerda, 2022. "Numerical Simulation of Non-cooperative and Cooperative Equilibrium Solutions for a Stochastic Government Debt Stabilization Game," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 775-801, February.
- Daly, Hounaida & Smida, Mounir, 2014. "Fiscal Theory of Price Level," MPRA Paper 60142, University Library of Munich, Germany.
- Melecky, Martin, 2009. "The Effect of Institutions, Geography, Development Assistance and Debt Crises on Public-Debt Management," MPRA Paper 16332, University Library of Munich, Germany.
- André Amante & Phillip Anderson & Thordur Jonasson & Herman Kamil & Mr. Michael G. Papaioannou, 2019. "Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay," IMF Working Papers 2019/290, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ms. Gabriela Inchauste & Mr. Bernardin Akitoby & Mr. Benedict J. Clements & Mr. Sanjeev Gupta, 2004. "The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries," IMF Working Papers 2004/202, International Monetary Fund.
- Martin Melecky, 2012.
"Choosing The Currency Structure Of Foreign‐Currency Debt: A Review Of Policy Approaches,"
Journal of International Development, John Wiley & Sons, Ltd., vol. 24(2), pages 133-151, March.
- Melecky, Martin, 2010. "Choosing the Currency Structure of Foreign-currency Debt: a Review of Policy Approaches," MPRA Paper 21268, University Library of Munich, Germany.
- Alfaro, Laura & Kanczuk, Fabio, 2006.
"Sovereign Debt: Indexation and Maturity,"
IDB Publications (Working Papers)
1578, Inter-American Development Bank.
- Laura Alfaro & Fabio Kanczuk, 2006. "Sovereign Debt: Indexation and Maturity," Research Department Publications 4459, Inter-American Development Bank, Research Department.
- Johannes Holler, 2013. "Funding Strategies of Sovereign Debt Management: A Risk Focus," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 51-74.
- Melecky, Ales & Melecky, Martin, 2014. "The Checks of Czechs: Optimizing the Debt Portfolio of the Czech Government," MPRA Paper 57604, University Library of Munich, Germany.
- Abel Cadenillas & Ricardo Huamán-Aguilar, 2018. "On the Failure to Reach the Optimal Government Debt Ceiling," Risks, MDPI, vol. 6(4), pages 1-28, December.
- Jacopo Cimadomo, 2012.
"Fiscal Policy in Real Time,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 440-465, June.
- Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
- Cimadomo, Jacopo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank.
- Fausto Hernández Trillo & Alejandro Villagómez Amezcua, 2000. "La estructura de la deuda pública en México: Lecciones y perspectivas," Research Department Publications 3104, Inter-American Development Bank, Research Department.
- De Graeve, Ferre & Mazzolini, Giulio, 2023. "The maturity composition of government debt: A comprehensive database," European Economic Review, Elsevier, vol. 154(C).
- Mehl, Arnaud & Reynaud, Julien, 2005.
"The determinants of "domestic" original sin in emerging market economies,"
Working Paper Series
560, European Central Bank.
- Julien Reynaud & Arnaud Mehl, 2007. "The determinants of "domestic" original sin in emerging market economies," Money Macro and Finance (MMF) Research Group Conference 2006 159, Money Macro and Finance Research Group.
- Sweder van Wijnbergen & Stan Olijslagers & Nander de Vette, 2020. "Debt sustainability when r - g smaller than 0: no free lunch after all," Tinbergen Institute Discussion Papers 20-079/VI, Tinbergen Institute.
- Raffaela Giordano, 2001. "Optimal Debt Maturity under EMU," Temi di discussione (Economic working papers) 401, Bank of Italy, Economic Research and International Relations Area.
- Basil Dalamagas & Stefanos Tantos, 2016. "Optimal Versus Actual Maturity of Government Debt: The Case of Greece," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 66(3), pages 25-52, July-Sept.
- Basil Dalamagas & Stefanos Tantos, 2017. "Optimal Sovereign Debt for an Overdebted Country," Australian Economic Papers, Wiley Blackwell, vol. 56(2), pages 95-118, June.
- Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020.
"What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC,"
Papers
2006.06274, arXiv.org, revised Aug 2022.
- Philipp F. M. Baumann & Dr. Enzo Rossi & Alexander Volkmann, 2021. "What drives inflation and how? Evidence from additive mixed models selected by cAIC," Working Papers 2021-12, Swiss National Bank.
- Yilmaz Akyüz, 2007. "Debt Sustainability in Emerging Markets: A Critical Appraisal," Working Papers 61, United Nations, Department of Economics and Social Affairs.
- Fausto Hernández Trillo & Alejandro Villagómez Amezcua, 2000.
"La estructura de la deuda pública en México: Lecciones y perspectivas,"
Research Department Publications
3104, Inter-American Development Bank, Research Department.
- Hernández Trillo, Fausto & Villagómez Amezcua, Alejandro, 2000. "La estructura de la deuda pública en México: Lecciones y perspectivas," IDB Publications (Working Papers) 2108, Inter-American Development Bank.
- Laura Alfaro & Fabio Kanczuk, 2006.
"Sovereign Debt: Indexation and Maturity,"
Research Department Publications
4459, Inter-American Development Bank, Research Department.
- Laura Alfaro & Fabio Kanczuk, 2006. "Sovereign Debt: Indexation and Maturity," IDB Publications (Working Papers) 6709, Inter-American Development Bank.
- van Wijnbergen, Sweder & Olijslagers, Stan & de Vette, Nander, 2020. "Debt sustainability when r - g," CEPR Discussion Papers 15478, C.E.P.R. Discussion Papers.
- D’Erasmo, P. & Mendoza, E.G. & Zhang, J., 2016. "What is a Sustainable Public Debt?," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2493-2597, Elsevier.
- Pablo D'Erasmo & Enrique Mendoza & Jing Zhang, 2015. "What is a Sustainable Public Debt?," PIER Working Paper Archive 15-033, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 16 Apr 2015.
- Pablo D'Erasmo & Enrique G. Mendoza & Jing Zhang, 2015. "What is a Sustainable Public Debt?," NBER Working Papers 21574, National Bureau of Economic Research, Inc.
More about this item
Keywords
Debt Markets; External Debt; Emerging Markets; Public Sector Economics&Finance; Economic Theory&Research;
All these keywords.Statistics
Access and download statisticsCorrections
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:wbk:wbrwps:4369. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.