Show simple item record

dc.contributor.authorOrrnert, Anna
dc.identifier.citationOrrnert, A. (2019). Options for managing a sudden rise in public debt. K4D Helpdesk Report 645. Brighton, UK: Institute of Development Studies.en
dc.description.abstractDebate has raged over whether and when debt reduction is appropriate, particularly in advanced economies. Arguments for lowering public debt are based on the costs and risks generated by high public debt; debt reduction is generally deemed appropriate when the risks associated with it are greater than those associated with debt-reducing policies (Best et al 2018: 2). The literature on public debt reduction can be grouped into three broad strands (i) studies that describe episodes of debt accumulation and its sources; (ii) studies that assess the economic implications of high debt (on economic growth and interest rates); and (iii) studies that focus on debt reduction episodes, fiscal adjustment and its impact on the economy (Baldacci et al 2012: 370). This review draws mainly from the third strand. Options for managing high public debt generally fall into three categories: Conventional options, Unconventional options and Radical options. This report focuses on the first two categories. The more radical approaches to dealing with high public debt are considered out-of-scope for this particular research question.en
dc.relation.ispartofseriesK4D Helpdesk Report;645
dc.subjectEconomic Developmenten
dc.titleOptions for Managing a Sudden Rise in Public Debten
dc.rights.holder© DFID - Crown copyright 2019en
rioxxterms.funderDepartment for International Development, UK Governmenten

Files in this item


This item appears in the following Collection(s)

  • K4D [937]
    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist the Foreign, Commonwealth and Development Office (FCDO) and other partners to be innovative and responsive to rapidly changing and complex development challenges.

Show simple item record