Assessing fiscal sustainability in theory and practice /

Assessing fiscal sustainability in theory and practice /

Saved in:

Bibliographic Details
Author / Creator:	Chalk, Nigel Andrew, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, 2000. ©2000
Description:	1 online resource (27 pages).
Language:	English
Series:	IMF working paper ; WP/00/81 IMF working paper ; WP/00/81.
Subject:	Debts, Public -- Econometric models. Budget deficits -- Econometric models. Finance, Public -- Econometric models. Fiscal policy -- Econometric models. Budget deficits -- Econometric models. Debts, Public -- Econometric models. Finance, Public -- Econometric models. Fiscal policy -- Econometric models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496537

Hidden Bibliographic Details
Other authors / contributors:	Hemming, Richard, author. International Monetary Fund. Fiscal Affairs Department, issuing body.
ISBN:	1451896549 9781451896541 1281372188 9781281372185 1462365116 9781462365111 1452733104 9781452733104 9786613779533 6613779539
ISSN:	2227-8885
Notes:	Includes bibliographical references (pages 25-27). Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. 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 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	As in academic, official, and other circles where fiscal policy is discussed, fiscal sustainability has been an often-voiced concern in the IMF. But just as elsewhere, the precise concern is sometimes unclear because the term fiscal sustainability does not have an exact meaning. Mainly, this reflects the way in which the literature on fiscal sustainability has evolved, with practical indicators of sustainability being derived independently of, rather than emerging from, the theoretical framework that is generally used to analyze sustainability. Thus one common practical approach to assessing sustainability uses nonincreasing government debt as a benchmark to distinguish sustainable fiscal policies from those that are unsustainable. However, the theoretical literature focuses on whether current fiscal policy can be continued into the distant future without threatening government solvency, which does not necessarily imply that debt has to be nonincreasing.
Other form:	Print version: Chalk, Nigel Andrew. Assessing fiscal sustainability in theory and practice. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, ©2000
Standard no.:	10.5089/9781451896541.001