A Practical Guide to Public Debt Dynamics, Fiscal Sustainability, and Cyclical Adjustment of Budgetary Aggregates »
Series: Technical Notes and Manuals
Author(s): Julio Escolano
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 January 2010
Keywords: Public debt dynamics, debt ratio, Government budget constraint, Ponzi game, Cyclically adjusted balance, debt, interest, primary balance, interest payments
This paper presents a practical guide to public debt dynamics, fiscal sustainability, and cyclical adjustment of budgetary aggregates. The paper discusses fiscal formulas, which may be of practical use in fiscal an...