Fiscal Monitor

Fiscal Monitor, October 2016: Debt: Use It Wisely

Author/Editor:

Marialuz Moreno Badia

Publication Date:

October 5, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Drawing on an expanded data set covering emerging markets and low-income countries as well as advanced economies, this issue examines the extent and makeup of global debt and asks what role fiscal policy can play in facilitating the adjustment. The analytical framework explicitly models the interlinkages between private and public debt in analyzing the role of fiscal policy in the deleveraging process. Country case studies provide useful insights on what fiscal policy should and should not do to facilitate deleveraging while minimizing the drag on the economy.

Series:

Fiscal Monitor No. 2016/002

Subject:

Emerging and frontier financial markets Financial markets Financial statements Fiscal policy Fiscal stance Macroeconomic and fiscal forecasts National accounts Private debt Public debt Public financial management (PFM)

Frequency:

Biannually