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150128 ||| eng |
| 020 |
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|a 9781455293711
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| 100 |
1 |
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|a Bulir, Ales
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| 245 |
0 |
0 |
|a The Dynamic Implications of Debt Relief for Low-Income Countries
|c Ales Bulir, Alma Romero-Barrutieta, Jose Daniel Rodríguez-Delgado
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2011
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| 300 |
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|a 26 pages
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| 651 |
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4 |
|a Uganda
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| 653 |
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|a Wealth
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| 653 |
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|a Public debt
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| 653 |
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|a Debt relief
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| 653 |
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|a Finance
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| 653 |
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|a Disposable income
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Productivity
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| 653 |
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|a Saving
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| 653 |
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|a Debt Management
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| 653 |
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|a Debts, Public
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Production
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| 653 |
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|a Debt
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| 653 |
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|a Open Economy Macroeconomics
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| 653 |
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|a Asset and liability management
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Debts, External
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| 653 |
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|a National accounts
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| 653 |
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|a Personal Income, Wealth, and Their Distributions
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| 653 |
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|a National income
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Consumption; Economics
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Public Finance
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| 653 |
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|a Production and Operations Management
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| 700 |
1 |
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|a Romero-Barrutieta, Alma
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| 700 |
1 |
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|a Rodríguez-Delgado, Jose Daniel
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781455293711.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2011/157/001.2011.issue-157-en.xml?cid=25019-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors and recipients. Using a dynamic stochastic general equilibrium model of a small open economy with a minimum consumption requirement and an endogenous relief probability, we show that excessive debt accumulation is consistent with an anticipation of a future debt relief. Simulations of the calibrated model using 1982-2006 Ugandan data suggest that debt-relief episodes are likely to have only a temporary impact on the level of debt in low-income countries, while being associated with more consumption and less invesment. The long-run debt-to-GDP ratio is estimated to be about twice as high with debt relief than without it
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