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dc.contributor.authorDreger, Christianen_US
dc.contributor.authorReimers, Hans-Eggerten_US
dc.date.accessioned2012-11-27en_US
dc.date.accessioned2012-12-05T12:13:28Z-
dc.date.available2012-12-05T12:13:28Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/67081-
dc.description.abstractWe analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds nominal output growth, primary budget surpluses are required to achieve a sustainable debt ratio. The negative impact of the debt to GDP ratio is particularly strong for non sustainable ratios and especially relevant for the euro area. This suggests that the participation in monetary union might entail an additional risk for its members.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion Papers, German Institute for Economic Research, DIW Berlin 1249en_US
dc.subject.jelF43en_US
dc.subject.jelO11en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordEuro area debt crisisen_US
dc.subject.keyworddebt sustainabilityen_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwNachhaltigkeiten_US
dc.subject.stwSozialprodukten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEurozoneen_US
dc.titleDoes euro area membership affect the relation between GDP growth and public debt?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn730493059en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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DIW-Diskussionspapiere

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