Public Debt Dynamics in Selected OECD Countries: The Role of Fiscal Stabilisation and Monetary Policy

2007 ◽  
Author(s):  
Harri Hasko
Keyword(s):  
Monetary Policy ◽  
Public Debt ◽  
Oecd Countries ◽  
Debt Dynamics

Fiscal Policy, Public Debt and the World Crisis

2014 ◽  
Vol 15 (2) ◽  
pp. 225-242 ◽  
Author(s):  
Gauti B. Eggertsson
Keyword(s):  
Fiscal Policy ◽  
Public Debt ◽  
Dynamic Stochastic General Equilibrium ◽  
Equilibrium Analysis ◽  
World Crisis ◽  
Debt Dynamics ◽  
World Economic ◽  
Dynamic Stochastic ◽  
World Economic Crisis

AbstractThis study summarizes a theory of the origin of the current world economic crisis and the role of fiscal policy in mitigating its effect. The perspective is dynamic stochastic general equilibrium analysis. Overall, the model analysis suggests a strong case for fiscal policy if the monetary authority is unable/unwilling to close the output gap. This remains the case, even when explicitly taking into account public debt dynamics.

scholarly journals The impact of external factors on the monetary stability in Jordan for the period 1990–2015

2019 ◽  
Vol 14 (1) ◽  
pp. 29-41
Author(s):  
Abdul Nafea Al-Zararee ◽  
Atif Batarseh
Keyword(s):  
Monetary Policy ◽  
Public Debt ◽  
Ordinary Least Squares ◽  
Vital Role ◽  
External Factors ◽  
External Shocks ◽  
Monetary Stability ◽  
Inflation Rates ◽  
The Impact

This study aimed to examine the impact of external factors (external grants and aid, external public debt, remittances of Jordanians labor abroad and external shocks) on the efficiency of the monetary policy, which aims at achieving monetary stability through influencing inflation rates in Jordan during the period 1990–2015, by using standard regression equation estimated by the ordinary least squares (OLS). The findings of the study showed a statistically significant impact at 1% of each of the external grants and aid, and remittances of Jordanians labor abroad on the efficiency of monetary policy through targeting inflation rates in Jordan. As to the variables of external public debt and external shocks, the findings showed a weak impact, which was not statistically significant at a reasonable level, on the efficiency of monetary policy. The researchers recommended that decision-makers pay further attention to the vital role of the remittances of the Jordanians labor abroad, which is one of the main bases of the Jordanian economy. This is due to its crucial impact on the Jordanian economy.

scholarly journals Revisiting the role of public debt in economic growth: The case of OECD countries

2015 ◽  
Vol 26 (1) ◽  
Author(s):  
Jernej Mencinger ◽  
Aleksander Aristovnik ◽  
Miroslav Verbic
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Oecd Countries

Public and Private Net Savings in Developing Countries: Some Empirical Tests for the Period 1972-88 (Distinguishedl Lecture)

1992 ◽  
Vol 31 (4I) ◽  
pp. 431-447
Author(s):  
Peter A. Cornelisse ◽  
Elma Van De Mortel
Keyword(s):  
Public Debt ◽  
World Economy ◽  
Socioeconomic Development ◽  
Critical Size ◽  
Public And Private ◽  
Critical Dimensions ◽  
The Public ◽  
Empirical Tests ◽  
Financial Issues

The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much attention. Thus, in the field of macroeconomics financial issues have gained more prominence over the last two decades. Studies relating to the fiscal deficit have been particularly numerous. The critical size of national public debts, the contribution of the public debt to external debt, the reduced confidence in the state as the guide in socioeconomic development and the role of fiscal policy in adjustment processes are among the main reasons for this increased interest.

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