Which tradeoffs are involved in formulating an external debt strategy? Should expenditure be cut to improve the current account, or will this reduce future output growth, thus undermining the benefits of any debt reduction? Are there alternatives that allow satisfactory output growth without jeopardizing creditworthiness? How can the necessary surplus of savings over investment be brought about at levels of investment high enough to sustain output...
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1989/09/30
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Artigo de revista
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8944
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1
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1
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2010/07/01
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External debt, inflation, and the public sector : towards fiscal policy for sustainable growth
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output growth
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