Holdings: Indicators of Fiscal Sustainability

Indicators of Fiscal Sustainability:

This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral surveillance. An overview of the main conceptual issues is first presented. Next, an assessment is made of the strengths and weaknesses of the summary measures in the context of their rece...

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Main Author:	Horne, Jocelyn (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1991
Series:	IMF Working Papers Working Paper No. 91/5
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral surveillance. An overview of the main conceptual issues is first presented. Next, an assessment is made of the strengths and weaknesses of the summary measures in the context of their recent application to industrial countries by the OECD and the Fund. The measures are shown to highlight the inadequacy of using trends in public debt ratios to assess sustainability. However, the measures and their recent application are subject to a number of caveats, in particular in relation to their sensitivity to the discount rate, time paths of government expenditures and private sector behavior
Physical Description:	1 Online-Ressource (34 p)
ISBN:	1451842082 9781451842081

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spelling	Horne, Jocelyn Verfasser aut Indicators of Fiscal Sustainability Horne, Jocelyn Washington, D.C International Monetary Fund 1991 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/5 This paper assesses the usefulness of summary measures of fiscal sustainability for the purpose of multilateral surveillance. An overview of the main conceptual issues is first presented. Next, an assessment is made of the strengths and weaknesses of the summary measures in the context of their recent application to industrial countries by the OECD and the Fund. The measures are shown to highlight the inadequacy of using trends in public debt ratios to assess sustainability. However, the measures and their recent application are subject to a number of caveats, in particular in relation to their sensitivity to the discount rate, time paths of government expenditures and private sector behavior Online-Ausg http://elibrary.imf.org/view/IMF001/03512-9781451842081/03512-9781451842081/03512-9781451842081.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Horne, Jocelyn Indicators of Fiscal Sustainability
title	Indicators of Fiscal Sustainability
title_auth	Indicators of Fiscal Sustainability
title_exact_search	Indicators of Fiscal Sustainability
title_exact_search_txtP	Indicators of Fiscal Sustainability
title_full	Indicators of Fiscal Sustainability Horne, Jocelyn
title_fullStr	Indicators of Fiscal Sustainability Horne, Jocelyn
title_full_unstemmed	Indicators of Fiscal Sustainability Horne, Jocelyn
title_short	Indicators of Fiscal Sustainability
title_sort	indicators of fiscal sustainability
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