Safe Debt and Uncertainty in Emerging Markets : An Application to South Africa /
This paper develops a methodology for estimating a safe public debt level that would allow countries to remain below a maximum sustainable debt limit, taking into account the impact of uncertainty. Our analysis implies that fiscal policy should target a debt level well below the debt ceiling to allo...
| 1. Verfasser: | |
|---|---|
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2014/231 |
| Online Zugang: | Full text available on IMF |