Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative
Abstract Who is going to pay? That question is heard regularly in connection with corona-related fiscal packages. Quite rightly. Governments have adopted huge packages to stabilise their economies. While there is no shortage of suggestions of how the new public expenditure and old debt is to be fund...
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| Format: | Article |
| Language: | deu |
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Sciendo
2020-09-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2738-8 |
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| _version_ | 1832569859230138368 |
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| author | Hans-Jörg Naumer |
| author_facet | Hans-Jörg Naumer |
| author_sort | Hans-Jörg Naumer |
| collection | DOAJ |
| description | Abstract Who is going to pay? That question is heard regularly in connection with corona-related fiscal packages. Quite rightly. Governments have adopted huge packages to stabilise their economies. While there is no shortage of suggestions of how the new public expenditure and old debt is to be funded, many people seem to be overlooking the fact that the current low or negative interest rate environment is already making a major contribution to debt reduction. |
| format | Article |
| id | doaj-art-394568757db84fe8bc4b6ea2ed266a1b |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2020-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-394568757db84fe8bc4b6ea2ed266a1b2025-02-02T19:16:55ZdeuSciendoWirtschaftsdienst0043-62751613-978X2020-09-01100968268610.1007/s10273-020-2738-8Debt Sustainability in the Euro Area When Interest Rates Are Low or NegativeHans-Jörg Naumer0Global Capital Markets & Thematic Research, Allianz Global Investors GmbHAbstract Who is going to pay? That question is heard regularly in connection with corona-related fiscal packages. Quite rightly. Governments have adopted huge packages to stabilise their economies. While there is no shortage of suggestions of how the new public expenditure and old debt is to be funded, many people seem to be overlooking the fact that the current low or negative interest rate environment is already making a major contribution to debt reduction.https://doi.org/10.1007/s10273-020-2738-8 |
| spellingShingle | Hans-Jörg Naumer Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative Wirtschaftsdienst |
| title | Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative |
| title_full | Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative |
| title_fullStr | Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative |
| title_full_unstemmed | Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative |
| title_short | Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative |
| title_sort | debt sustainability in the euro area when interest rates are low or negative |
| url | https://doi.org/10.1007/s10273-020-2738-8 |
| work_keys_str_mv | AT hansjorgnaumer debtsustainabilityintheeuroareawheninterestratesarelowornegative |