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Cover Art
Author Croce, Enzo.

Title Assessing Fiscal Sustainability [electronic resource] : A Cross-Country Comparison / Enzo Croce.

Published Washington, D.C. : International Monetary Fund, 2003.


Location Call No. Status
Physical description 1 online resource (33 p.)
Series IMF Working Papers; Working Paper ; No. 03/145
IMF Working Papers; Working Paper ; No. 03/145
Summary 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 reaction function that links convergence to the targeted debt ratio with primary fiscal surpluses. Based on quarterly estimates of this algorithm in the 1990s, 12 developed and developing countries are ranked according to their degree of sustainability. For a number of countries, the paper finds evidence of causality between the fiscal policy stance and growth-adjusted real interest rates.
Notes Description based on print version record.
Other author Croce, Enzo.
Juan-Ramon, V. Hugo.
Subject Convergence
Debt Ratio
Fiscal Rule
Fiscal Stance
National Budget
ISBN 1451856563 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451856569.001