Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison

Working Paper No. 12/39

Nopic
Over the past three decades, large and persistent discrepancies between the annual change in public debt and the budget deficit, so-called stock-flow adjustments, were a prominent feature of debt dynamics in many economies. The aim of this paper is to investigate the underlying determinants of such discrepancies and their relationship with... READ MORE...

Publication date: January 2012
ISBN 9781463933821
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Publication date: January 2012

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Publication date: January 2012

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