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.

Pasinetti, L. L., A Note on the Evaluation of Public Deficits: Net or Gross of Interest, <<QUARTERLY REVIEW. BANCA NAZIONALE DEL LAVORO>>, 1989; 170 (Settembre): 303-311 [http://hdl.handle.net/10807/67364]

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

Pasinetti, Luigi Lodovico
1989

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.
Inglese
Pasinetti, L. L., A Note on the Evaluation of Public Deficits: Net or Gross of Interest, <<QUARTERLY REVIEW. BANCA NAZIONALE DEL LAVORO>>, 1989; 170 (Settembre): 303-311 [http://hdl.handle.net/10807/67364]
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/67364
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact