Quantitative Approaches To Fiscal Sustainability Analysis : A New World Bank Tool Applied To Turkey / Budina, Nina

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2007Description: Online-Ressource (1 online resource (41 p.))Subject(s): Additional physical formats: Budina, Nina: Quantitative Approaches To Fiscal Sustainability Analysis Online resources: Summary: Fiscal sustainability analysis (FSA) is an important component of macroeconomic analysis. The authors review various quantitative approaches to FSA with a major objective to bring these approaches together and to present a user-friendly tool for FSA that reflects modern developments. They combine a dynamic simulations approach with a simplified version of the steady-state consistency approach. They also incorporate two different methods to deal with uncertainty: user-defined stress tests and stochastic simulations. The tool goes further by evaluating the required fiscal adjustment as a consequence of the stochastic realizations of the exogenous variables. Furthermore, the fiscal sustainability tool incorporates an endogenous debt feedback rule for the primary surplus, a fiscal policy reaction function. Besides outlining the theoretical framework, the authors also present a case study for TurkeyPPN: PPN: 724223738Package identifier: Produktsigel: GBV-wba | ZDB-1-WBA | ZDB-110-WBL
No physical items for this record

Online-Ausg.. (World Bank E-Library Archive)

KIT – The University in the Helmholtz Association                         Home | Impressum | Datenschutz | Barrierefreiheit | KIT