Public Debt Sustainability Under Uncertainty : An Invariant Set Approach

Author/Editor:

Rossen Rozenov

Publication Date:

March 13, 2017

Electronic Access:

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Summary:

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal policy on output, as well as uncertainty in the model parameters and system dynamics. Uncertainty is specified in general terms, and the analysis is based on the notion of invariant sets. Examples are provided to illustrate how the method can be applied in practice.

Series:

Working Paper No. 17/57

Subject:

English

Publication Date:

March 13, 2017

ISBN/ISSN:

9781475586251/1018-5941

Stock No:

WPIEA2017057

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

28

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