A Note on the Evaluation of Public Deficits: Net or Gross of Interest

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

In the abundant literature on the national debt, references occur frequently to government budget deficit EXCLUDING interest payments. The Author argues that reference to a budget deficit that excludes interest payments, while justified in certain contexts, is not justified in others. Indeed, it may induce incorrect or distorting conclusions when used to discuss the objectives of economic policy, and in particular th aim of stabilizing the size of the national debt. Italian version: "Una nota sulla valutazione dei disavanzi pubblici: al netto o al lordo degli interessi?" in Moneta e Credito, vol.42, (1988) pp.165-173.
Lingua originaleEnglish
pagine (da-a)303-311
Numero di pagine9
RivistaQUARTERLY REVIEW. BANCA NAZIONALE DEL LAVORO
Volume170
Stato di pubblicazionePubblicato - 1989

Keywords

  • Interests and the evalutation of public budget deficits

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