is investigated using cross-sectional and panel data. The modeling part then uses a multi-phase dynamic macro model to …

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

changes in a country’s terms of trade. An alternative indicator of fiscal sustainability is derived, and the principal factors … determining sustainability are identified. The results of the analysis are applied to Venezuela and Kuwait …

We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio … can be modified to create a more accurate representation of debt sustainability for a country that receives significant … remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the …

Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly …

model is used to analyze the risk profile and sustainability of Australia''s public debt under different policies …

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 …

This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral …. The measures are shown to highlight the inadequacy of using trends in public debt ratios to assess sustainability. However …