A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon /

This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth...

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Автор: Gardner, E.
Інші автори: Di Giovanni, Julian
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2008.
Серія:IMF Working Papers; Working Paper ; No. 2008/097
Онлайн доступ:Full text available on IMF
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245 1 2 |a A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon /  |c E. Gardner, Julian Di Giovanni. 
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300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and interest rates. The distribution of shocks is derived from the past shocks to these variables and the related variance covariance. Because we are interested in assessing the sustainability of a particular policy scenario, we do not consider independent fiscal policy shocks or the endogenous policy response to shocks. 
538 |a Mode of access: Internet 
700 1 |a Di Giovanni, Julian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/097 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/097/001.2008.issue-097-en.xml  |z IMF e-Library