OECD Economic Policy Papers

Prudent debt targets and fiscal frameworks

http://dx.doi.org/10.1787/5jrxtjmmt9f7-en

The sharp rise in debt experienced by most OECD countries raises questions about debt indicators and the prudent government debt level countries should target. It also raises questions about the fiscal frameworks needed to reach the prudent debt level and to accommodate cyclical fluctuations...



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