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How risky is the high public debt in a context of low interest rates ?

Author

Listed:
  • D. Cornille

    (National Bank of Belgium)

  • H. Godefroid

    (National Bank of Belgium)

  • L. Van Meensel

    (National Bank of Belgium)

  • S. Van Parys

    (National Bank of Belgium)

Abstract

The decrease in interest rates has created favourable financing conditions for Belgian public debt, which remains high. The lengthening of debt maturity has reduced risks.

Suggested Citation

  • D. Cornille & H. Godefroid & L. Van Meensel & S. Van Parys, 2019. "How risky is the high public debt in a context of low interest rates ?," Economic Review, National Bank of Belgium, issue ii, pages 70-96, September.
    • Handle: RePEc:nbb:ecrart:y:2019:m:september:i:ii:p:70-96
    as

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    References listed on IDEAS

    as
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    6. repec:nbb:ecrart:y:2017:m:september:i:iii:p:35-56 is not listed on IDEAS
    7. Clemens Fuest & Daniel Gros, 2019. "Government debt in times of low interest rates: the case of Europe," EconPol Policy Brief 16, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    8. Saki Bigio & Galo Nuño & Juan Passadore, 2019. "A Framework for Debt-Maturity Management," Working Papers 143, Peruvian Economic Association.
    9. M. Nautet & L. Van Meensel, 2011. "Economic impact of the public debt," Economic Review, National Bank of Belgium, issue ii, pages 7-19, September.
    10. Mikkel Barslund & Lars Ludolph, 2019. "Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?," Public Sector Economics, Institute of Public Finance, vol. 43(3), pages 225-246.
    11. Cimadomo, Jacopo & Claeys, Peter & Poplawski-Ribeiro, Marcos, 2016. "How do experts forecast sovereign spreads?," European Economic Review, Elsevier, vol. 87(C), pages 216-235.
    12. J. Boeckx & M. de Sola Perea & M. Deroose & G. de Walque & Th. Lejeune & Ch. Van Nieuwenhuyse, 2018. "What will happen when interest rates go up?," Economic Review, National Bank of Belgium, issue iii, pages 35-56, september.
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