Public Debt Sustainability Under Uncertainty : An Invariant Set Approach

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal policy on output, as well as uncertainty in the model parameters and system dynamics. Uncertainty is specified in general terms, and the analysis is based on the notion of invariant sets. Examples are provided to illustrate how the method can be applied in practice

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Year of publication:	2017
Authors:	Rozenov, Rossen
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Öffentliche Schulden \| Public debt \| Risiko \| Risk \| Finanzpolitik \| Fiscal policy \| Nachhaltigkeit \| Sustainability \| Schuldenmanagement \| Debt management \| Modellierung \| Scientific modelling \| Produktionspotenzial \| Potential output \| System Dynamics \| System dynamics \| Theorie \| Theory

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Extent:	1 Online-Ressource (29 p)
Series:	IMF Working Paper ; No. 17/57
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2017 erstellt
Other identifiers:	10.2139/ssrn.2967395 [DOI]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012956494