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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Автор: Rozenov, Rossen
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2017.
Серія:IMF Working Papers; Working Paper ; No. 2017/057
Онлайн доступ:Full text available on IMF