strengthening fiscal consolidation, lowering the debt ratios, and ensuring the consistency of fiscal policies with the currency …

Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis …. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate … economies will face the formidable challenge of reducing debt ratios at a time when ageing-related spending, in particular often …

a sustainable debt position, even after many of these countries have benefited from substantial debt relief. These …, the use of more complex financing vehicles, and the development of domestic markets. The joint World Bank/IMF debt … sustainability framework is well placed to help address these challenges and reduce the risks of renewed episodes of debt distress …

in commodity and asset prices, are leading to sharp increases in deficits and debt stocks around the world. Expansionary … countries. The authors assess the post-shock fiscal balances and debt outlook, and suggest ways for governments to clarify their …

Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking …

levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

reforms for understanding the dynamics of the public sector debt and deficit. The high deficit of the first administration … deterioration in the primary balance rather than the increase in the interest payments on public debt; and (b) the fiscal adjustment …