The Motives to Borrow is popular PDF and ePub book, written by Antonio Fatás in 2019-05-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Motives to Borrow can be Read Online from any device for your convenience.
The Motives to Borrow Book PDF Summary
Governments issue debt for good and bad reasons. While the good reasons—intertemporal tax-smoothing, fiscal stimulus, and asset management—can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven by political failures associated with intergenerational transfers, strategic manipulation, and common pool problems. These political failures are a major cause of overborrowing though budgetary institutions and fiscal rules can play a role in mitigating governments’ tendencies to overborrow. While it is difficult to establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price—in terms of lower growth and greater output volatility—for excessive debt accumulation.
Detail Book of The Motives to Borrow PDF
- Author : Antonio Fatás
- Release : 10 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498312103
- Genre : Business & Economics
- Total Page : 53 pages
- Language : English
- PDF File Size : 15,9 Mb
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