Fiscal Monitor, October 2016
Debt: Use It Wisely
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.
Publication date: October 2016
ISBN: 9781513560601
$42.00
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Money and Monetary Policy , Money and Monetary Policy , Public Finance , Public Finance , International Taxation , International Taxation , Debt , deleveraging , debt overhang , financial crisis , recovery , debt levels , advanced economies , emerging market economies , private-sector debt , public-sector debt , China , Brazil , fiscal policy interventions , advanced economy , emerge market economy , privat
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