Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/238498 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ADBI Working Paper Series No. 1141
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
This paper revisits the fiscal sustainability condition proposed by Domar (1944). The Domar condition is derived from the government budget constraint and thus focuses on the supply side of the government bond. By considering the demand for the government bond, this paper finds that public debt sustainability depends on interest rate sensitivity to changes in government bond supply and demand. Data shows that the prediction of our model on public debt sustainability is consistent with the cases of Greece and Japan.
Schlagwörter: 
Domar condition
fiscal sustainability
demand for government bonds
JEL: 
E12
E62
H63
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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