Dealing with High Debt in an Era of Low Growth

Author/Editor:

S. M. Ali Abbas ; Bernardin Akitoby ; Jochen R. Andritzky ; Helge Berger ; Takuji Komatsuzaki ; Justin Tyson

Publication Date:

September 23, 2013

Electronic Access:

Free Full text (PDF file size is 1322 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

task has become particularly challenging in European advanced economies where expectations of low growth and limits to monetary policy support are shifting the burden of adjustment onto fiscal consolidation. The SDN will investigate the main drivers behind successful past debt reversals, focusing on macroeconomic and financial market conditions, the speed and form of fiscal adjustment, and the institutional policy setting, among other things. Its policy conclusions will depend on the emerging stylized facts but are likely to include considerations on the design and pace of fiscal consolidation, taking into account country-specific as well as regional economic, institutional, and political factors.

Series:

Staff Discussion Notes No. 13/7

Subject:

English

Publication Date:

September 23, 2013

ISBN/ISSN:

9781484316139/2221-030X

Stock No:

SDNEA2013007

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

32

Please address any questions about this title to publications@imf.org