Identifying Fiscal Policy Transmission in Stochastic Debt Forecasts /

A stochastic debt forecasting framework is presented where projected debt distributions reflect both the joint realization of the fiscal policy reaction to contemporaneous stochastic macroeconomic projections, and also the second-round effects of fiscal policy on macroeconomic projections. The forec...

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Bibliographic Details
Main Author: Kawakami, Kei
Other Authors: Romeu, Rafael
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/107
Online Access:Full text available on IMF