Coverart for item
The Resource Fiscal sustainability : a 21st century guide for the perplexed, Evan Tanner

Fiscal sustainability : a 21st century guide for the perplexed, Evan Tanner

Label
Fiscal sustainability : a 21st century guide for the perplexed
Title
Fiscal sustainability
Title remainder
a 21st century guide for the perplexed
Statement of responsibility
Evan Tanner
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
"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"--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Tanner, Evan
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3881.5.I58
LC item number
W67 No. 13/89 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/13/89
http://library.link/vocab/subjectName
  • Debts, Public
  • Fiscal policy
  • Government spending policy
  • Stochastic models
  • BUSINESS & ECONOMICS
  • Debts, Public
  • Fiscal policy
  • Government spending policy
  • Stochastic models
Label
Fiscal sustainability : a 21st century guide for the perplexed, Evan Tanner
Instantiates
Publication
Copyright
Note
  • "April 2013."
  • "Institute for Capacity Development"--Page 2 of pdf
  • Title from PDF title page (IMF Web site, viewed Apr. 23, 2013)
Bibliography note
Includes bibliographical references (pages 42-48)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt
  • 7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims ApproachXII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
  • V. Distributing Surpluses Over Time: A Fiscal Objective FunctionA. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis)
  • VI. Required Adjustment in an Uncertain Environment2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds
Control code
840514383
Extent
1 online resource (49 pages)
Form of item
online
Isbn
9781484397169
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2013089
  • (IMF)WPIEA2013089
  • (OCoLC)840514383
Label
Fiscal sustainability : a 21st century guide for the perplexed, Evan Tanner
Publication
Copyright
Note
  • "April 2013."
  • "Institute for Capacity Development"--Page 2 of pdf
  • Title from PDF title page (IMF Web site, viewed Apr. 23, 2013)
Bibliography note
Includes bibliographical references (pages 42-48)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt
  • 7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims ApproachXII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
  • V. Distributing Surpluses Over Time: A Fiscal Objective FunctionA. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis)
  • VI. Required Adjustment in an Uncertain Environment2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds
Control code
840514383
Extent
1 online resource (49 pages)
Form of item
online
Isbn
9781484397169
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2013089
  • (IMF)WPIEA2013089
  • (OCoLC)840514383

Library Locations

    • Pardee Legal Research CenterBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
Processing Feedback ...