Assessing Fiscal Sustainability : A Cross-Country Comparison /
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 algorit...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2003.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2003/145 |
| Online dostop: | Full text available on IMF |