Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/88085 
Year of Publication: 
2006
Series/Report no.: 
Working Paper No. 554
Publisher: 
Inter-American Development Bank, Research Department, Washington, DC
Abstract: 
This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation, the paper shows that this residual entity can be partly explained by contingent liabilities and balancesheet effects.
Document Type: 
Working Paper

Files in This Item:
File
Size
328.08 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.