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Debt sustainability in a low interest rate world

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  • Mehrotra, Neil R.
  • Sergeyev, Dmitriy

Abstract

Historic levels of public debt and conditions of r

Suggested Citation

  • Mehrotra, Neil R. & Sergeyev, Dmitriy, 2021. "Debt sustainability in a low interest rate world," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 1-18.
    • Handle: RePEc:eee:moneco:v:124:y:2021:i:s:p:s1-s18
    DOI: 10.1016/j.jmoneco.2021.09.001
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    Cited by:

    1. Gomez-Gonzalez, Jose E. & Uribe, Jorge M. & Valencia, Oscar M., 2023. "Does economic complexity reduce the probability of a fiscal crisis?," World Development, Elsevier, vol. 168(C).
    2. Amol Amol & Erzo G. J. Luttmer, 2022. "Permanent Primary Deficits, Idiosyncratic Long-Run Risk, and Growth," Working Papers 794, Federal Reserve Bank of Minneapolis.
    3. Jorge M. Uribe, 2023. ""Fiscal crises and climate change"," IREA Working Papers 202303, University of Barcelona, Research Institute of Applied Economics, revised Feb 2023.
    4. Elfsbacka-Schmöller, Michaela & McClung, Nigel, 2024. "Can growth stabilize debt? A fiscal theory perspective," Bank of Finland Research Discussion Papers 2/2024, Bank of Finland, revised 2024.
    5. George‐Marios Angeletos & Chen Lian & Christian K. Wolf, 2024. "Can Deficits Finance Themselves?," Econometrica, Econometric Society, vol. 92(5), pages 1351-1390, September.
    6. Heimberger, Philipp, 2023. "Public debt and r-g risks in advanced economies: Eurozone versus stand-alone," Journal of International Money and Finance, Elsevier, vol. 136(C).
    7. Giannini, Bianca & Oldani, Chiara, 2022. "Asymmetries in the sustainability of public debt in the EU: The use of swaps," The Journal of Economic Asymmetries, Elsevier, vol. 26(C).
    8. Bonam, Dennis & Ciccarelli, Matteo & Gomes, Sandra & Aldama, Pierre & Bańkowski, Krzysztof & Buss, Ginters & da Costa, José Cardoso & Christoffel, Kai & Elfsbacka Schmöller, Michaela & Jacquinot, Pasc, 2024. "Challenges for monetary and fiscal policy interactions in the post-pandemic era," Occasional Paper Series 337, European Central Bank.
    9. Osoro, Jared & Cheruiyot, Kiplangat Josea, 2024. "Fiscal and monetary policy interaction during economic shocks: A wedge or bridge for bank profitability?," KBA Centre for Research on Financial Markets and Policy Working Paper Series 76, Kenya Bankers Association (KBA).
    10. Ricardo Reis, 2022. "Debt Revenue and the Sustainability of Public Debt," Journal of Economic Perspectives, American Economic Association, vol. 36(4), pages 103-124, Fall.
    11. Ryo Horii, 2023. "A New Relationship Between Economic Growth and Government Debt Sustainability (in Japanese “Keizaiseicho to zaiseishi no atashii kankei”)," ISER Discussion Paper 1209, Institute of Social and Economic Research, Osaka University.
    12. Friedrich Heinemann, 2022. "Moving From Broad to Targeted Pandemic Fiscal Support," EconPol Policy Reports 37, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    13. Ciccarelli, Matteo & Darracq Pariès, Matthieu & Priftis, Romanos & Angelini, Elena & Bańbura, Marta & Bokan, Nikola & Fagan, Gabriel & Gumiel, José Emilio & Kornprobst, Antoine & Lalik, Magdalena & Mo, 2024. "ECB macroeconometric models for forecasting and policy analysis," Occasional Paper Series 344, European Central Bank.

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    More about this item

    Keywords

    Public debt; Low interest rates;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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