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Schuldentragfähigkeit mit impliziten Staatsschulden – Leitbild oder Irrlicht?

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  • Priewe Jan

Abstract

Implicit public debt is a calculation based on assumptions that are qualitatively and fundamentally different from explicit public debt, i.e. it cannot be added to the latter. Moreover, they distort the real costs of ageing considerably. This creates a mirage of public debt that drives fiscal policy in the wrong direction like a will-o’-the-wisp. The costs of demographic change are systematically overestimated.

Suggested Citation

  • Priewe Jan, 2023. "Schuldentragfähigkeit mit impliziten Staatsschulden – Leitbild oder Irrlicht?," Wirtschaftsdienst, Sciendo, vol. 103(3), pages 198-204, March.
  • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:3:p:198-204:n:14
    DOI: 10.2478/wd-2023-0053
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    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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