Fiscal (and external) sustainability

Ley, Eduardo (2009): Fiscal (and external) sustainability.

Abstract

Nothing new here---just a concise yet detailed presentation of the simple but inexorable algebra of sustainability.

• Item Type: MPRA Paper
• Language: English
• Keywords: Debt, Sustainability
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; H - Public Economics > H6 - National Budget, Deficit, and Debt > H68 - Forecasts of Budgets, Deficits, and Debt

References

O.J. Blanchard (1990), "Suggestions for a New Set of Fiscal Indicators," OECD Dept. of Economics and Statistics Working Paper no.~79. Available from http://www.oecd.org and reprinted in H.A.A. Verbon and F.A.A.M. van Winden (editors), The Political Economy of Government Debt, New York: North-Holland.

Vito Tanzi, M.I. Blejer and M.O. Tejeiro (1993), "Effects of Inflation on Measurement of Fiscal Deficits: Conventional vs Operational Measures,'' in M.I. Blejer and A. Cheastey (editors), How to Measure the Fiscal Deficit, Washington: IMF.

R. Eisner (1994), The Misunderstood Economy: What Counts and How to Count It, Boston MA: Harvard University Press

W.H. Buiter (1995), "Measuring Fiscal Sustainability," mimeo, Cambridge University. Available from /www.nber.org/~wbuiter/sustain.pdf