The Italian public debt problem

1992 ◽  
pp. 185-205 ◽  
Author(s):  
Luigi Spaventa
Keyword(s):  
Public Debt ◽  
Debt Problem

The public debt problem: a comprehensive guide

2013 ◽  
Vol 50 (11) ◽  
pp. 50-6302-50-6302
Keyword(s):  
Public Debt ◽  
The Public ◽  
Debt Problem

scholarly journals The Greek Public Debt Problem

2016 ◽  
Author(s):  
Michalis Nikiforos ◽  
Gennaro Zezza
Keyword(s):  
Public Debt ◽  
Debt Problem

scholarly journals The Greek public debt problem

Nova Economia ◽  
2015 ◽  
Vol 25 (spe) ◽  
pp. 777-802 ◽  
Author(s):  
Michalis Nikiforos ◽  
Dimitri B. Papadimitriou ◽  
Gennaro Zezza
Keyword(s):  
Public Debt ◽  
Recent Experience ◽  
Sufficient Condition ◽  
The Public ◽  
Debt Problem ◽  
Vital Importance ◽  
European Crisis ◽  
Greek Economy ◽  
The Way

Abstract: The present paper examines the issue of the Greek public debt. After providing a historical discussion, we show that the austerity of the last six years has been unsuccessful in stabilizing the debt while,at the same time,ithas takena heavy toll on the economy and society. The recent experience shows that the public debt is unsustainable and therefore a restructuring is needed. An insistence on the current policies is not justifiable either on pragmatic or on moral or any other grounds.The experience of Germany in the early post-WWII period provides some useful hints for the way forward. A solution to the public debt problem is a necessary but not sufficient condition for the solution of the Greek and European crisis. A wider agenda that deals with the malaises of the Greek economy and the structural imbalances of the Eurozone is of vital importance.

scholarly journals Public Debt and Economic Growth in Egypt

2018 ◽  
Vol 8 (3) ◽  
pp. 183
Author(s):  
Amal Soliman ElGhouty
Keyword(s):  
Economic Growth ◽  
Growth Performance ◽  
Public Debt ◽  
Main Concern ◽  
The Public ◽  
Debt Problem ◽  
High Level ◽  
The Relationship ◽  
Revolutionary Period

The public debt has been representing a serious problem in Egypt during recent years. The main concern of the paper is to classify the extent of the debt problem in Egypt focusing on the post -revolutionary period since 2011. In the paper, reasons for the high level of public debt will be identified. Also, the economic growth performance will be analyzed simultaneously, then the relationship between both public debt and economic growth will be determined. Some guidelines for policymakers will be presented in the last section.  

The Current Problem of the US Government Debt in the Context of Socioeconomic Inequality Regulation

2021 ◽  
pp. 273-286
Author(s):  
Mikhail L. Dorofeev ◽  
Keyword(s):  
Growth Rate ◽  
Public Goods ◽  
Public Debt ◽  
Economic Inequality ◽  
Tax Avoidance ◽  
Government Debt ◽  
Future Generations ◽  
Financial Assets ◽  
Debt Problem ◽  
Investment Income

Global debt has risen dangerously since the early 2000s, but most governments and central banks are more supportive of investors, because they keep printing money and buying back financial assets to provide markets and economy with liquidity. In this regard, we can see increasing concern not only about the growing debt burden of the world economy, but also about the impact of this problem on the dynamics of economic inequality. The aim of the work is to analyse and clarify the relationships between public debt and economic inequality in the USA for the period of 1910–2018. This study concludes that the level of economic inequality is not directly related to the specific level of public debt and changes under the influence of other factors, such as taxes and government spending on combating poverty, financed by the new government debt. Modern financial policies lead to increased economic inequality in wealth, which is confirmed by the data for most countries. In many developed countries, there is a progressive taxation system that curbs the rising income inequality. However, in most of them, there are complex tax relief and deduction systems for long-term investors, the problem of offshore and tax avoidance remains unresolved, which creates great obstacles to solving the problem of the growing economic inequality. In the context of the galloping inflation of financial assets, the growth rate of labor income is guaranteed to be lower than the growth rate of investment income. In the recommendations, the author justifies the modern problem of the public debt growth. The main risk in addressing this problem in the context of economic inequality regulation is the risk of increasing intergenerational economic inequality. We see how the tax burden is being transferred to future generations, while modern taxpayers have better opportunities to improve their quality of life, accumulate adequate pension capital and generally live with a higher level of financing of public goods. All this may not be the case for future generations of taxpayers due to the likely exacerbation of the debt problem in the future, since they will either have to pay more taxes on their income, pay a high inflation tax, or go to reduce public spending and finance public goods to solve the “unsolvable debt problem”. In this regard, the main recommendations today are to make every possible effort to contain the growth of public debt to a rate no higher than the growth of the economy; to develop a system of fiscal regulation of investor wealth and investment income; to optimize inheritance taxes; and, of course, to continue solving the problem of tax avoidance and offshore.

The Public Debt Problem

2013 ◽  
Author(s):  
Pierre Lemieux
Keyword(s):  
Public Debt ◽  
The Public ◽  
Debt Problem

scholarly journals Dealing with Egypt Public Debt Accumulation Problem

2019 ◽  
Vol 9 (4) ◽  
pp. 128
Author(s):  
Mohammed I. Abdu
Keyword(s):  
Public Debt ◽  
Private Investment ◽  
Securities Market ◽  
Debt Structure ◽  
The Public ◽  
Debt Problem ◽  
Debt Accumulation ◽  
New Ideas ◽  
The Government ◽  
The Impact

This paper examines the public debt problem in Egypt, and provides new supportive and non-stereotyped ideas that could help to put public debt on a downturn and a sustainable pass. The analytical approach was used to identify the magnitude of the public debt problem through analyzing the debt structure, the increase in interest payments, and private investment crowding out. The study also evaluates the impact of the economic reform problem on the debt to GDP level; in addition to analyzing the implications of the government plan on debt structure and its associated risks. Some of these risks are: the unsustainability of GDP growth and its structure, debt roll over risk, and the risk of materializing contingent liabilities. Furthermore, this paper proposes new ideas; besides, the usual concentration on fiscal consolidation and stable economic growth to decrease the Egyptian public debt. Improving tax collection, developing government securities market, using the appropriate economic policy mix, applying zero interest rate on the government liabilities to the Central bank of Egypt, and swapping debt with equity, are some non-stereotyped ideas that could help in reducing the public debt of Egypt.

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