Fiscal Sustainability A 21St Century Guide for the Perplexed

Author/creator Tanner, Evan Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description49 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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 Barros 1979 tax smoothing objective). the paper discusses objective functions that yield simple and transparent fiscal policy rules.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781484381991
ISBN1484381998 (Trade Paper) Active Record
Stock number00013468

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