Series: IMF Working Papers
Author(s): Pablo Anaya , and Alex Pienkowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 June 2015
Keywords: debt, interest, interest rate, General, Monetary Policy (Targets, Instruments, and Effects),
This paper presents a novel approach to detail the propagation of shocks to public debt. The modeling technique involves a structural vector auto-regression (SVAR) estimator with an endogenous debt accumulation equ...