Showing 1 - 10 of 1,556
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 …
Persistent link: https://www.econbiz.de/10014397870
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
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 …
Persistent link: https://www.econbiz.de/10014400777
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 …
Persistent link: https://www.econbiz.de/10014402461
Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly … paper concludes with a discussion of policy implications, an evaluation of the methodology, and suggestions for future …
Persistent link: https://www.econbiz.de/10014403838
model is used to analyze the risk profile and sustainability of Australia''s public debt under different policies …
Persistent link: https://www.econbiz.de/10014404316
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
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
bond issuers relative to other firms, but no difference for green loan and sustainability-linked loan borrowers. Green bond …, green loan, and sustainability-linked loan borrowers lower their emission intensity over time at a faster rate than other …
Persistent link: https://www.econbiz.de/10012605577
This study examines the growth determinants and the economic policy challenges that Armenia faces to sustain the rapid growth of the past two years. The paper also seeks to answer the following two questions: Why has Armenia performed relatively better than other transition economies? What are...
Persistent link: https://www.econbiz.de/10014403946