This suggests you can adjust GDP for debt by subtracting deficit (w or w/o inflation). Seems odd? Why not interest? seekingalpha.com/article/147332
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i think because deficit already has interest payments. Total deficit = primary deficit + sovereign interest payments.
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hmm... okay. But shouldn't you should subtract face value in maturation year, not primary deficit in issue year for $-bonds?
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Isnt anyone who deducts a stock quantity from a flow doing something wrong?
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seems like one annualized flow from another more like.
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Though why would you want to exclude this interest. As legitimate a form of capital income as any, no?
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