Fiscal Monitor, October 2016: Debt: Use It Wisely
Fiscal Monitor, October 5, 2016
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Bibliographic details
- Authors: Marialuz Moreno Badia
- Published: October 5, 2016
- Series: Fiscal Monitor
- DOI: https://doi.org/10.5089/9781513560601.089
Overview and Purpose
- Drawing on an expanded data set covering emerging markets and low-income countries as well as advanced economies, this issue examines the extent and makeup of global debt and asks what role fiscal policy can play in facilitating the adjustment.
- The analytical framework explicitly models the interlinkages between private and public debt in analyzing the role of fiscal policy in the deleveraging process.
- Country case studies provide useful insights on what fiscal policy should and should not do to facilitate deleveraging while minimizing the drag on the economy.
- Author: Marialuz Moreno Badia
- Publication date: October 5, 2016
Analytical Framework
- Explicit modeling of interlinkages between private and public debt.
- Focus on the role of fiscal policy in the deleveraging process.
- Use of an expanded data set that includes emerging markets and low-income countries in addition to advanced economies.
Country Case Studies
- Provide detailed insights into fiscal policy actions that can facilitate deleveraging.
- Aim to identify fiscal measures that reduce the drag on the economy during debt adjustment.
Key Themes and Subjects
- Emerging and frontier financial markets
- Financial markets and financial statements
- Fiscal policy and fiscal stance
- Macroeconomic and fiscal forecasts
- National accounts
- Private debt and public debt
- Public financial management (PFM)
Keywords and Geographic Coverage
- Africa; Asia and Pacific; Europe; Middle East; North Africa; Global
- Topics: balance sheet repair; credit system; debt development; debt level; debt overhang problem; debt repayment; debt write-off; debt-restructuring program; debt deflation episode; private sector leverage; role fiscal policy; fiscal policy intervention; nominal GDP; potential GDP; statistics manual
- Labels present in source: country abbreviation; def; deflation episode; FM; IMF staff estimate