@misc{10021,
title = {The Unexplained Part of Public Debt},
author = {Jaimovich, Dany and Panizza, Ugo and Campos, Camil F.S.},
year = {2011},
doi = {10.18235/0010854},
abstract = {This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual  entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation, the paper shows that this residual entity can be partly explained by contingent liabilities and balancesheet effects.},
url = {https://doi.org/10.18235/0010854}
}