Series: IMF Working Papers
Author(s): Evan Tanner
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 April 2013
Keywords: Intertemporal solvency, tax smoothing, debt stabilization, fiscal rule, stochastic simulation, fiscal adjustment, budget constraint, Deficit, Forecasts of Budgets, Deficits
This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA sho...