Primary surpluses and sustainable debt levels in emerging market countries /

Primary surpluses and sustainable debt levels in emerging market countries /

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Bibliographic Details
Author / Creator:	Abiad, Abdul, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2005.
Description:	1 online resource (18 pages).
Language:	English
Series:	IMF policy discussion paper ; PDP/05/6 IMF policy discussion paper (Online) ; PDP/05/6.
Subject:	Debts, Public -- Developing countries -- Econometric models. Surplus (Economics) -- Forecasting -- Econometric models. Debts, Public -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12494839

Hidden Bibliographic Details
Other authors / contributors:	Ostry, Jonathan David, 1962- author. International Monetary Fund. Research Department.
ISBN:	9781451975703 1451975708 9781452780610 1452780617
Notes:	Title from PDF file (viewed Nov. 2, 2005). "September 2005." "Research Department." Includes bibliographical references. Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2011 HathiTrust Digital Library committed to preserve Online resource; title from PDF title page (IMF, viewed September 21, 2015).
Summary:	"This paper aims to put some constraints on the way primary surpluses are projected when making assessments of public debt sustainability. Projections should be tied either to the country's historical track record in generating surpluses--if the institutional and other factors accounting for this track record are expected to persist--or to some model that links primary surpluses to their fundamental determinants, either on the basis of constant institutions and policies or a credible reform program. History-based or model-based primary surplus projections provide a useful benchmark for judging the realism of fiscal forecasts underlying debt sustainability calculations. Together with information on future growth and interest rates, the primary surplus projections can be used to generate measures of overborrowing, and the magnitude of adjustment needed to return debt to a sustainable level."
Other form:	Print version: Abiad, Abdul. Primary surpluses and sustainable debt levels in emerging market countries. [Washington, D.C.] : International Monetary Fund, Research Dept., ©2005
Publisher's no.:	MWT11409455

Description
Summary:	This paper aims to put some constraints on the way primary surpluses are projected when making assessments of public debt sustainability. Projections should be tied either to the country's historical track record in generating surpluses-if the institutional and other factors accounting for this track record are expected to persist-or to some model that links primary surpluses to their fundamental determinants, either on the basis of constant institutions and policies or a credible reform program. History-based or model-based primary surplus projections provide a useful benchmark for judging the realism of fiscal forecasts underlying debt sustainability calculations. Together with information on future growth and interest rates, the primary surplus projections can be used to generate measures of overborrowing, and the magnitude of adjustment needed to return debt to a sustainable level.
Item Description:	Title from PDF file (viewed Nov. 2, 2005). "September 2005." "Research Department."
Physical Description:	1 online resource (18 pages).
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	9781451975703 1451975708 9781452780610 1452780617