This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...

"Provides guidance on (1) the concepts, definitions, and classification of public sector debt statistics; (2) the sources and techniques for compiling these data; and (3) some analytical tools that may be used to analyze these statistics"--Pref