Hidden Bibliographic Details
| Other authors / contributors: | Gardner, Edward.
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| ISBN: | 1462311407
9781462311408
1452700656
9781452700656
1451869584
9781451869583
1282840525
9781282840522
9786612840524
6612840528
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| Notes: | Description based upon print version of record.
Includes bibliographical references.
English.
Description based on online resource; title from PDF title page (ebrary, viewed February 27, 2014).
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| Summary: | This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and interest rates. The distribution of shocks is derived from the past shocks to these variables and the related variance covariance. Because we are interested in assessing the sustainability of a particular policy scenario, we do not consider independent fiscal policy shocks or the endogenous policy respo.
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| Other form: | 1-4519-1412-1
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