Series: IMF Staff Position Notes
Author(s): Jonathan Ostry , Atish Ghosh , Jun Kim , and Mahvash Qureshi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2010
Keywords: Developed countries, Debt management, Public debt, Fiscal sustainability, Fiscal policy, fiscal sustainability, debt dynamics, debt, interest, primary balance
In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their hypothesis is that, when debt is in a moderate range, its dynamics are sustainable in the sense tha...