Debt Sustainability: The Harmonization of the Account Principles

Zusatztext

The Goal of my research is to analyze the effects of public debt and to work out the mechanisms that make public effect the real side of an economy, using modern models of endogenous economic growth theory. My analysis starts with the intertemporal budget constraint of the government to which the government must operates on. The condition when the public debt is sustainable is defined by public spending and public revenues ignoring the central bank of an economy in the majority of cases. Governments should not rely on central banks to reduce public debt through money creation since central banks are independent and there is no obligation for them to assist government in pursuing sustainable debt policies.

Autorenportrait

Francesco Di Tommaso nato a Roma il 16 Marzo 1985, Laurea Triennale in Economia e Management (Universita` di Roma Tor Vergata 2010) 95/110, Laurea Magistrale in Lingua Inglese in Business and Administration (Universita` di Roma Tor Vergata 2013) 108/110, PhD in Economics and Finance of University of Rome La Sapienza.

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