The stylized facts of public indebtedness after the Bretton Woods collapse: global evidence

Andrić, Vladimir and Bodroža, Duško and Đukić, Mihajlo (2024) The stylized facts of public indebtedness after the Bretton Woods collapse: global evidence. International review (1-2). pp. 173-186. ISSN 2217-9739

Text 28-12-PB - converted.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (325kB)

Abstract

In this paper, we have constructed a secondary Global Public Debt Database (GPDD) for 1971-2021.
In particular, the paper presents detailed stylized facts regarding the public debt indebtedness of the
central government in the case of sixty-seven advanced, emerging, low-income and developing economies
after the collapse of Bretton Woods. The paper provides a comprehensive literature review of previous
contributions centered around public debt sustainability analysis from the perspective of the intertemporal
government budget constraint (IGBC) violation. Our results show a higher degree of public debt
persistence in the case of advanced economies compared to emerging, low-income and developing
economies. We also find that the most indebted countries have the most volatile public debt/GDP ratios.

Item Type:	Article
Additional Information:	COBISS.ID=149563145
Uncontrolled Keywords:	Global Debt Database (GDD), Global Public Debt Database (GPDD), IMF, Bretton Woods
Research Department:	Other
Depositing User:	Jelena Banovic
Date Deposited:	08 Aug 2024 10:30
Last Modified:	08 Aug 2024 10:30
URI:	http://35.240.28.64/id/eprint/2084
Author Links:	[error in script] No links available.

Actions (login required)

View Item