Sustained Debt Reduction: The Jamaica Exception
研究了牙买加如何通过持续的大规模基本预算盈余，在十年内将公共债务从GDP的144%降至72%，其成功归因于精心设计的财政规则和社会伙伴关系协议。
ABSTRACT: Reducing high public debt is key for countries seeking to restore fiscal capacity and resilience in the wake of recent crises. But large debt reductions are rare. Jamaica stands out for reducing its debt from 144 percent of GDP to 72 percent over the last decade, a record achieved by running large, persistent primary budget surpluses. Well-designed fiscal rules combined with social partnership agreements making for fiscal ownership are at the root of its achievement.