Refinements to the probabilistic approach to fiscal sustainability analysis:
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is dro...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2008]
|
| Schriftenreihe: | Policy research working paper
4709 |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers |
| Zusammenfassung: | "This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is dropped by modeling their respective empirical distribution directly, which makes it possible to quantify asymetries and thick tails. Third, the use of fiscal reaction functions is avoided by focusing attention on debt-stabilizing balances. "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 5/18/2009 |
| Beschreibung: | 1 Online-Ressource |
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV049073912 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:45Z |
| indexdate | 2024-07-10T09:54:28Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034335804 |
| oclc_num | 1392151711 |
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| publishDate | 2008 |
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| publisher | World Bank |
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| series2 | Policy research working paper |
| spelling | Frank, Nathaniel Verfasser aut Refinements to the probabilistic approach to fiscal sustainability analysis Nathaniel Frank, Eduardo Ley [Washington, D.C] World Bank [2008] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 4709 Includes bibliographical references Title from PDF file as viewed on 5/18/2009 "This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is dropped by modeling their respective empirical distribution directly, which makes it possible to quantify asymetries and thick tails. Third, the use of fiscal reaction functions is avoided by focusing attention on debt-stabilizing balances. "--World Bank web site Online-Ausg Also available in print Ley, Eduardo Sonstige oth World Bank Sonstige oth Frank, Nathaniel Refinements to the probabilistic approach to fiscal sustainability analysis http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4709 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Frank, Nathaniel Refinements to the probabilistic approach to fiscal sustainability analysis |
| title | Refinements to the probabilistic approach to fiscal sustainability analysis |
| title_auth | Refinements to the probabilistic approach to fiscal sustainability analysis |
| title_exact_search | Refinements to the probabilistic approach to fiscal sustainability analysis |
| title_exact_search_txtP | Refinements to the probabilistic approach to fiscal sustainability analysis |
| title_full | Refinements to the probabilistic approach to fiscal sustainability analysis Nathaniel Frank, Eduardo Ley |
| title_fullStr | Refinements to the probabilistic approach to fiscal sustainability analysis Nathaniel Frank, Eduardo Ley |
| title_full_unstemmed | Refinements to the probabilistic approach to fiscal sustainability analysis Nathaniel Frank, Eduardo Ley |
| title_short | Refinements to the probabilistic approach to fiscal sustainability analysis |
| title_sort | refinements to the probabilistic approach to fiscal sustainability analysis |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4709 |
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