Re-Thinking Debt Burden: Going with the Flow? View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-04

AUTHORS

Vipul Bhatt, Andre R. Neveu

ABSTRACT

This paper provides an empirical framework for computing a flow measure of public debt called the debt-to-duration ratio. A ratio of this measure to GDP (DD-to-GDP) is a unit-free measure of debt burden interpreted as the percentage of income for debt service or repayment. Using monthly US Treasury data (1997–2018), we compare this measure to the debt-to-GDP ratio. The DD-to-GDP ratio is an alternative for use in discussions about sustainability of current levels of debt. An empirical test of the relationship between rising debt ratios and growth shows that duration has an important counteracting relationship with higher debt lowering growth but longer duration being associated with higher growth in the medium term. More... »

PAGES

179-203

References to SciGraph publications

  • 2013-04. Public debt and economic growth in advanced economies: A survey in SWISS JOURNAL OF ECONOMICS AND STATISTICS
  • Journal

    TITLE

    Eastern Economic Journal

    ISSUE

    2

    VOLUME

    45

    Author Affiliations

    Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1057/s41302-018-0113-x

    DOI

    http://dx.doi.org/10.1057/s41302-018-0113-x

    DIMENSIONS

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