| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17172 |
| DP17172 How might the UK's Debt-GDP ratio be reduced? Evidence from the last 120 years | |
| Michael R. Wickens | |
| 发表日期 | 2022-04-02 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | The motivation for this paper is concerns in the UK with how to bring down the currently high level of the debt-GDP ratio. We consider whether anything can be learned from previous experience over the last 120 years by examining the contributions both to the increase in the debt-GDP ratio and to the reduction of the debt-GDP ratio of various components of the government budget constraint: the primary deficit, growth, inflation and interest rates and payments. We also examine the effectiveness of policy in influencing these components. We conclude by suggesting a combination of these components that might be economically and politically achievable. |
| 主题 | Public Economics |
| 关键词 | Debt-gdp ratio Primary deficit Growth inflation |
| URL | https://cepr.org/publications/dp17172 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546164 |
| 推荐引用方式 GB/T 7714 | Michael R. Wickens. DP17172 How might the UK's Debt-GDP ratio be reduced? Evidence from the last 120 years. 2022. |
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