Search Results - subject:"Debt Sustainability"

Brazil's Fiscal Stance during 1995-2005: The Effect of Indebtedness on Fiscal Policy Over the Business Cycle

Mello, Luiz de; Moccero, Diego - Economics Department, Organisation de Coopération et … - 2006

growth. This suggests a remarkable fiscal effort to ensure public debt sustainability. To better gauge the magnitude of this …

Persistent link: https://www.econbiz.de/10005046134

BUDGET DEFICITS, EXTERNAL DEBT AND ECONOMIC GROWTH IN NIGERIA

OSINUBI, T.S.; OLALERU, O.E. - In: Applied Econometrics and International Development 6 (2006) 3

the contexts of debt stabilization and debt sustainability. The results of the econometric analysis confirm the existence …

Persistent link: https://www.econbiz.de/10005406766

Debt Sustainability and Procyclical Fiscal Policies in Latin America

Alberola, Enrique; Montero, Manuel - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2006)

, is used as our gauge for measuring debt sustainability concerns at each point in time. The empirical analysis reveals … that fiscal stance tightens when the perceptions of debt sustainability worsen, that the impact is stronger the less …

Persistent link: https://www.econbiz.de/10009021286

Policy mix and debt sustainability: evidence from fiscal policy rules

Claeys, Peter - Department of Economics, European University Institute - 2005

This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...

Persistent link: https://www.econbiz.de/10005816425

Foreign Debt Sustainability: Tests Of Intertemporal Budget Constraint

Azgun, Sabri - In: Anadolu University Journal of Social Sciences 5 (2005) 2, pp. 57-68

is satisfied. Main objective of this study is to test whether Turkish economy satisfies debt sustainability criteria in …

Persistent link: https://www.econbiz.de/10005064670

Estimating a Fiscal Reaction Function: The Case of Debt Sustainability in Brazil

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2005

This paper reviews recent trends in fiscal performance in Brazil, estimates fiscal reaction functions for the consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. The empirical analysis, based on monthly data for the period...

Persistent link: https://www.econbiz.de/10005046037

How best to link poverty reduction and debt sustainability in IMF-World Bank models?

Mallick, Sushanta; Granville, Brigitte - In: International Review of Applied Economics 19 (2005) 1, pp. 67-85

This paper attempts to provide an economic model in the context of developing countries to address the policy strategies related to poverty reduction. With a view to deal with the shortcomings of the existing approaches as regards poverty reduction, this paper develops a model on the basis of...

Persistent link: https://www.econbiz.de/10005445901

Is Lebanon’s Debt Sustainable? A Closer Look at Lebanon’s Debt Dynamics

Saab, Samer - EconWPA - 2005

hindered or dwarfed any reform momentum. Consistent with a Debt Sustainability Analysis framework, a set of assumptions on … public sector debt sustainability. …

Persistent link: https://www.econbiz.de/10005408446

External Debt Sustainability: Theory and Empirical Evidence

Arnone, Marco; Bandiera, Luca; Presbitero, Andrea - EconWPA - 2005

This paper is a review of the different approaches on external debt sustainability. The Heavily Indebted Poor Country … without faults, in particular for what concerns debt sustainability analysis. The aim of this work is to present the IMF …-World Bank approach to debt sustainability, together with the other approaches in the literature. We show that a new and broader …

Persistent link: https://www.econbiz.de/10005556649

A Simple Proposal for a 'Debt-Sensitive Stability Pact'

Saraceno, Francesco; Monperrus-Veroni, Paola - EconWPA - 2004

The main rationale for fiscal policy rules is the concern for long term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on...

Persistent link: https://www.econbiz.de/10005125005