A toolkit for Assessing Fiscal Vulnerabilities and Risks in Advanced Economies
IMF Working Papers, January 1, 2012
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- A toolkit for Assessing Fiscal Vulnerabilities and Risks in Advanced Economies
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Bibliographic details
- Authors: Elif C Arbatli Saxegaard, Emre Alper, Jiri Jonas, Marc Gerard, Tidiane Kinda, Giovanni Callegari, Anna Shabunina, Andrea Schaechter, Carlos Caceres
- Published: January 1, 2012
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781463931162.001
Short-term fiscal pressures (key indicators)
- Gross funding needs
- Market perceptions of default risk (credit default swap measures)
- Stress dependence among sovereigns (contagion and co-movement indicators)
Medium- and long-term fiscal pressures (key indicators)
- Medium- and long-term budgetary adjustment needs
- Susceptibility of debt projections to growth and interest rate shocks
- Stochastic risks to medium-term debt dynamics
Methodology and scope
- Tools and indicators designed to cover a wide range of advanced economies and minimize data lags.
- Empirical method selection is influenced by the need for broad coverage and timeliness.
- Designed to inform analyses such as the joint IMF-FSB Early Warning Exercise (EWE) on the fiscal dimensions of economic risks.
Subjects and keywords (as listed)
- Subjects: Credit default swap, Debt sustainability analysis, External debt, Fiscal policy, Fiscal risks, Fiscal stance, Money, Public debt, Public financial management (PFM)
- Keywords: baseline growth, Credit default swap, debt, Debt sustainability analysis, economy, financing, financing cost, fiscal indicators, fiscal risk, Fiscal risks, Fiscal stance, Fiscal vulnerabilities, Global, interest rate, interest rate shock, market, market CDS, shock indicator, sustainability, WP