Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government … threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. This paper provides an … assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income framework, and …

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 …

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … Libya had a noteworthy impact on consumer price inflation. Collectively, our estimates indicate that the deviations from an …

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2012, using … Libya had a significant impact on consumer price inflation. Collectively, our econometric estimates indicate that the …

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government … threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. In three parts, this paper … provides an assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income …

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

and we develop a debt sustainability analysis model with both channels using a country ratings proxy of political risk … rating level, volatility or both. Conversely, sustainability can be restored through reforms that can be as effective as …

sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …

inefficiencies, mounting resistance to further increases of tax burden, and concerns about long term sustainability of public …