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dc.contributor.authorDreger, Christianen
dc.contributor.authorReimers, Hans-Eggerten
dc.date.accessioned2012-11-27-
dc.date.accessioned2012-12-05T12:13:28Z-
dc.date.available2012-12-05T12:13:28Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1249en
dc.subject.jelF43en
dc.subject.jelO11en
dc.subject.jelC23en
dc.subject.ddc330en
dc.subject.keywordEuro area debt crisisen
dc.subject.keyworddebt sustainabilityen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwNachhaltigkeiten
dc.subject.stwSozialprodukten
dc.subject.stwWirtschaftswachstumen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwEurozoneen
dc.titleDoes euro area membership affect the relation between GDP growth and public debt?-
dc.typeWorking Paperen
dc.identifier.ppn730493059en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp1249en

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