Indicators of Fiscal Sustainability

Released on by Ms.Jocelyn Horne
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  • Indicators of Fiscal Sustainability Book Detail

  • Author : Ms.Jocelyn Horne
  • Release Date : 1991-01-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 34
  • ISBN 13 : 1451842082
  • File Size : 61,61 MB
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Indicators of Fiscal Sustainability by Ms.Jocelyn Horne PDF Summary

Book Description: This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral surveillance. An overview of the main conceptual issues is first presented. Next, an assessment is made of the strengths and weaknesses of the summary measures in the context of their recent application to industrial countries by the OECD and the Fund. The measures are shown to highlight the inadequacy of using trends in public debt ratios to assess sustainability. However, the measures and their recent application are subject to a number of caveats, in particular in relation to their sensitivity to the discount rate, time paths of government expenditures and private sector behavior.

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Indicators of Fiscal Sustainability

Indicators of Fiscal Sustainability

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This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral surveillance. An overview of the main conceptual

Assessing Fiscal Sustainability

Assessing Fiscal Sustainability

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To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government rea