Showing 1 - 10 of 1,146
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/10012485963
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 …
Persistent link: https://www.econbiz.de/10012154706
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 …
Persistent link: https://www.econbiz.de/10012170127
This paper analyzes the experience of 99 advanced and developing economies in restoring fiscal sustainability during …
Persistent link: https://www.econbiz.de/10014397366
The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It … which solvency is determined, tests of sustainability (including sustainability indicators), and sustainability and … uncertainty. The paper then looks at the way in which fiscal sustainability has been assessed in different types of IMF work …
Persistent link: https://www.econbiz.de/10014399921
To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt … according to their degree of sustainability. For a number of countries, the paper finds evidence of causality between the fiscal …
Persistent link: https://www.econbiz.de/10014400141
about fiscal sustainability. Historically, negative interest-growth differentials in these countries have played a debt …
Persistent link: https://www.econbiz.de/10012796777
Persistent link: https://www.econbiz.de/10012392477
Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fiscal policy and the level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This paper provides a framework to examine the role of the level of government...
Persistent link: https://www.econbiz.de/10012392585
on key domestic variables that determine public and external debt dynamics, with the IMF‘s standard debt sustainability … tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries …
Persistent link: https://www.econbiz.de/10012671041