COUNCIL OF ECONOMIC ADVISERS
COUNCIL OF ECONOMIC ADVISERS
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经济顾问委员会
DOI：
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发表时间：
2004
期刊：
影响因子：
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通讯作者：
Heather M. Boushey
中科院分区：
文献类型：
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作者：
Tamara L. Fucile;C. Rouse;Heather M. Boushey
纵观历史，新兴市场国家一直遭受着与高额政府债务相关的各种经济问题。本文探讨了这些国家可以降低这些问题发生频率和严重程度的一种方法——发行与经济增长率挂钩的债券。尽管该文件没有针对任何特定国家提出任何建议，但增长指数债券可能通过部分隔离政府财政免受经济波动的影响而使新兴市场受益。这一想法值得世界经济政策界进一步探索。
Throughout history, emerging-market countries have suffered from various economic problems associated with high levels of government debt. This paper explores one way such countries might reduce the frequency and severity of these problems—the issuance of bonds indexed to the economy’s rate of growth. Although the paper does not make any recommendation for any particular country, growthindexed bonds could potentially benefit emerging markets by partially insulating the government’s finances from economic fluctuations. This idea merits further exploration by the world’s economic policy community.