G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15347
DP15347 The History and Politics of Public Debt Accounting
Eric Monnet; Blaise Truong-Loï
发表日期2020-10-07
出版年2020
语种英语
摘要A country's public debt figures vary considerably in any given year, depending on the definitions used. It creates difficulties in constructing and interpreting long-term statistical series. We examine why and discuss the policy issues behind the definition and accounting of public debt in history. Based on a critical analysis of widely used historical sources, as well as case studies, this chapter discusses how to interpret historical public debt statistics. We examine general trends in the historical development of comparability of public debt statistics since the nineteenth century and distinguish three perspectives on debt accounting that have framed the construction of statistics over time: “financial”, “circuitist” and “benchmarking”. Since public debt accounting and policy depend on the way in which public debt is issued and traded and on the identity of creditors, each of these ideal types roughly corresponds to a historical period of capitalism.
主题Economic History
关键词Public debt
URLhttps://cepr.org/publications/dp15347
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/544329
推荐引用方式
GB/T 7714
Eric Monnet,Blaise Truong-Loï. DP15347 The History and Politics of Public Debt Accounting. 2020.
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