| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25494 |
| 来源ID | Working Paper 25494 |
| Public Debt Through the Ages | |
| Barry Eichengreen; Asmaa El-Ganainy; Rui Esteves; Kris James Mitchener | |
| 发表日期 | 2019-01-28 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible. |
| 主题 | International Economics ; Public Economics ; History |
| URL | https://www.nber.org/papers/w25494 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583168 |
| 推荐引用方式 GB/T 7714 | Barry Eichengreen,Asmaa El-Ganainy,Rui Esteves,et al. Public Debt Through the Ages. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25494.pdf（539KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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