Assessing Fiscal Stress

Assessing Fiscal Stress
This paper develops a new index which provides early warning signals of fiscal sustainability problems for advanced and emerging economies. Unlike previous studies, the index assesses the determinants of fiscal stress periods, covering public debt default as well as near-default events. The fiscal stress index depends on a parsimonious set of... READ MORE...

Publication date: May 2011
ISBN 9781455254316
$18.00

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