Assessing Fiscal Sustainability Under Uncertainity

Assessing Fiscal Sustainability Under Uncertainity
Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly captures the contribution of key risk variables to public sector vulnerability. In an illustrative application to Ecuador, the VaR approach confirms a significant risk of government financial failure stemming from the volatility... READ MORE...

Publication date: April 2003
ISBN 9781451850222
$15.00

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