Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case

This paper examines the relevance of economic growth, currency depreciation, cost of public financing, inflation, and export prices on the sustainability of Peru’s public debt. The measurements correspond to different specifications of autoregressive vectors (VAR) models applied to macro-fiscal data...

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Detalles Bibliográficos
Autor principal: Moreno, Kenji
Formato: Artículo publishedVersion
Lenguaje:Español
Inglés
Publicado: Universidad del Pacífico 2020
Acceso en línea:http://revistas.up.edu.pe/index.php/apuntes/article/view/1052
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article1052oai
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Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
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institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
Inglés
description This paper examines the relevance of economic growth, currency depreciation, cost of public financing, inflation, and export prices on the sustainability of Peru’s public debt. The measurements correspond to different specifications of autoregressive vectors (VAR) models applied to macro-fiscal data from 1999-2018. The results validate the relevance of all the factors for the short, medium, and long term. Furthermore, these results suggest that future macro-fiscal policy measures should aim to continue actions to improve the public debt profile and diversify fiscal revenues, in order to reduce the vulnerability of fiscal sustainability due to unfavorable changes in export prices.
format Artículo
publishedVersion
Artículo
publishedVersion
author Moreno, Kenji
spellingShingle Moreno, Kenji
Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
author_facet Moreno, Kenji
author_sort Moreno, Kenji
title Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
title_short Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
title_full Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
title_fullStr Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
title_full_unstemmed Public Debt Sustainability in Resources-Rich Economies with Access to Capital Markets: The Peruvian Case
title_sort public debt sustainability in resources-rich economies with access to capital markets: the peruvian case
publisher Universidad del Pacífico
publishDate 2020
url http://revistas.up.edu.pe/index.php/apuntes/article/view/1052
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article1052oai
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bdutipo_str Repositorios
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