Showing 1 - 10 of 331
The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal …
Persistent link: https://www.econbiz.de/10012956494
use of (country-specific) debt thresholds to assess debt sustainability. We argue that the level of the debt-to-GDP ratio …
Persistent link: https://www.econbiz.de/10012962136
sustainability for three fast-growing Southeast Asian economies: Cambodia, Sri Lanka, and Vietnam. We show that a gradual public … challenge of addressing large infrastructure gaps while maintaining debt sustainability …
Persistent link: https://www.econbiz.de/10012962142
debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …
Persistent link: https://www.econbiz.de/10013250092
Do government financial assets help improve public debt sustainability? To answer this question, we assemble a … late 1980s. We then use this rich database to estimate the impact of assets on two key dimensions of debt sustainability …
Persistent link: https://www.econbiz.de/10012948529
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...
Persistent link: https://www.econbiz.de/10013071366
policies and high vulnerability to external shocks. The model enables a more granular analysis of debt sustainability in LICs …
Persistent link: https://www.econbiz.de/10012955177
We revisit the empirical relationship between private/public debt and output, and build a model that reproduces it. In the model, the government provides financial assistance to credit-constrained agents to mitigate deleveraging. As we observe in the data, surges in private debt are potentially...
Persistent link: https://www.econbiz.de/10012977865
This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and fiscal policy specifications. The analysis shows that expected future revenue plays...
Persistent link: https://www.econbiz.de/10013055258
This paper proposes a framework for assessing fiscal sustainability in heavily indebted countries dependent on … exhaustible resources, with reference to Gabon. It finds that fiscal sustainability could be achieved by: (i) developing a fiscal …
Persistent link: https://www.econbiz.de/10012752442