Assessing Fiscal Sustainability Under Uncertainity /

Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly captures the contribution of key risk variables to public sector vulnerability. In an illustrative application to Ecuador, the VaR approach confirms a significant risk of government f...

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Detalhes bibliográficos
Autor principal: Barnhill, Theodore
Outros Autores: Kopits, George
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2003.
Colecção:IMF Working Papers; Working Paper ; No. 2003/079
Acesso em linha:Full text available on IMF