June 5, 2013

Prudent debt level: a tentative calculation

What is a prudent public debt-to-GDP ratio? This background document accompanies the Dutch CPB Policy Brief 'Naar een prudent niveau van de overheidsschuld'.

April 24, 2013

A fiscal Taylor rule

In most OECD countries, the financial crisis leads to a drop in GDP and has brought government finances into a state of disarray. As high public debt will slow down GDP growth, order in government finances must be restored, sooner or later.

April 15, 2013

Optimal fiscal policy

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt.

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June 6, 2012

When is debt sustainable?

This CPB Discussion Paper proposes indicators to assess government debt sustainability. Sustainable government finances can be achieved via three main channels: fiscal responses, economic growth and financial repression.

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