Fiscal Sustainability.

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and disto...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tanner, Evan
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2013.
Colección:IMF Working Papers.
Temas:
Fiscal policy > Econometric models.
Convergence (Economics) > Econometric models.
Politique fiscale > Modèles économétriques.
Rapprochement (Économie) > Modèles économétriques.
Convergence (Economics) > Econometric models
Fiscal policy > Econometric models
Acceso en línea:Texto completo
Descripción
Sumario:This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and distortions over time (in the tradition of Barro's 1979 tax smoothing objective). The paper discusses objective functions that yield simple and transparent fiscal policy rules.
Descripción Física:1 online resource (93 pages)
ISBN:9781484351499
1484351495

Ejemplares similares