Public Debt Sustainability Under Uncertainty : An Invariant Set Approach /

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal policy on output, as well as uncertainty in the model parameters and system dynamics. Uncertainty is specified in general terms, and the analysis is based on the notion of invariant s...

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Bibliographic Details
Main Author: Rozenov, Rossen
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/057
Online Access:Full text available on IMF