Assessing Fiscal Sustainability in Theory and Practice
By N. Chalk, R. Hemming. Social Science Research Network, 2000
296 citations recorded by the source corpus.
The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is the benchmark against which solvency is determined, tests of sustainability (including sustainability indicators), and sustainability and uncertainty. The paper then looks at the way in which fiscal sustainability has been assessed in different types of IMF work. Finally the link between fiscal and external sustainability is discussed.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/3466feedfc07015e377f5a91dd8cf0c00c780eda
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In Economics and Econometrics
- António Afonso
- Ricardo M. Sousa
- Candida Ferreira
- Pedro Gomes
- Gerry McNamara
- Paul M. Vaaler
- Éric Paget-Blanc
- Constantin Mellios
Citations in the corpus
- Ricardian fiscal regimes in the European Union (2008, background): “The results reported 1 For a discussion of fiscal sustainability tests and review of empirical evidence see, for instance, Chalk and Hemming (2000) and Afonso (2005).”
- Fiscal Sustainability: The Unpleasant European Case (2004, background): “If a given fiscal policy turns out to be 2 See for instance Chalk and Hemming (2000).”