---
title: A New Decomposition of Public Debt Dynamics in the Euro Area
url: https://www.ml-quant.com/papers/repec/nbb-reswpp-202610-497/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-14
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:nbb:reswpp:202610-497
source_url: https://econpapers.repec.org/RePEc:nbb:reswpp:202610-497
featured: 2026-11-13
citations: unknown
topic: Macro-Finance & Rates
---


# A New Decomposition of Public Debt Dynamics in the Euro Area

Analyzing security-level data shows low real rates cut debt ratios substantially, while inflation surprises mattered little, and central-bank holdings initially reduced but later raised consolidated debt.

- Source: https://econpapers.repec.org/RePEc:nbb:reswpp:202610-497
- Identifier: RePEc:nbb:reswpp:202610-497
- Released: 2026-11-09
- First featured: Quant Letter No. 139 (2026-11-13): https://www.ml-quant.com/issues/2026-11-13/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Jef Boeckx, Leonardo Iania, Joris Wauters

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