This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in …

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt … Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some …

threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. In three parts, this paper … provides an assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income …

Fiscal sustainability remains a paramount challenge for small economies with high debt and greater vulnerability to … climate change. This paper applies the model-based sustainability test for fiscal policy in a panel of 16 Caribbean countries … fiscal policy response is not adequate to ensure sustainability at higher levels of debt. We also find that the fiscal stance …

This paper examines a number of structural factors affecting the external debt sustainability of HIPC completion point … compared with many other low-income countries. Achieving and maintaining long-term debt sustainability in completion point …

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal …