Public Debt Sustainability Under Uncertainty
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Public Debt Sustainability Under Uncertainty
| Author | : Rossen Rozenov |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 2017-03-13 |
| Genre | : Business & Economics |
| ISBN | : 1475586256 |
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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 sets. Examples are provided to illustrate how the method can be applied in practice.
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