Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2006
Keywords: Net worth approach, first-order difference equation system, debt stabilization fund, oil fund, debt ratio, equation, prototype model, equations, Debt Estabilization Fund, And Oil Fund
The net worth approach to fiscal analysis is cast in a simple model able to capture the dynamics and steady-state equilibria of public sector's debt, nonfinancial and financial assets, and net worth under alternati...