The implications of public debt. a model
The crisis of the public debt generally is the reflect of a fiscalcrisis. As in the model, where the external debt belongs to thegovernment. when the external financing stops, the governments can not reduce its deficits at the same speed so they have to look out for internal financing. The model sho...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1997 |
| País: | Colombia |
| Institución: | Universidad Nacional de Colombia |
| Repositorio: | Repositorio UN |
| Idioma: | español |
| OAI Identifier: | oai:repositorio.unal.edu.co:unal/48230 |
| Acceso en línea: | https://repositorio.unal.edu.co/handle/unal/48230 http://bdigital.unal.edu.co/41592/ |
| Access Level: | acceso abierto |
| Palabra clave: | Deuda publica crisis fiscal endeudamiento externo financiamiento externo déficit estabilidad macroeconómica impuestos mercado capital |
| Sumario: | The crisis of the public debt generally is the reflect of a fiscalcrisis. As in the model, where the external debt belongs to thegovernment. when the external financing stops, the governments can not reduce its deficits at the same speed so they have to look out for internal financing. The model shows that if the economy is not growing, the financing with debt constítutes and additional factor of perturbation to the macroeconomic stability |
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