1.

Record Nr.

UNINA990005096150403321

Autore

Vecchi, Giuseppe <1912-2007>

Titolo

Uffici drammatici padovani / Giuseppe Vecchi

Pubbl/distr/stampa

Firenze : Olschki, 1954

Descrizione fisica

XII, 257 p. : ill. ; 26 cm

Collana

Biblioteca dell'Archivum Romanicum . Serie 1. , Storia, letteratura, paleografia

Locazione

FLFBC

Collocazione

3/VIII E 35

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910975149903321

Autore

Celasun Oya

Titolo

Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries : : A "Fan-Chart" Approach / / Oya Celasun, Xavier Debrun, Jonathan Ostry

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613829481

9781462382101

146238210X

9781451991383

145199138X

9781283517034

1283517035

9781451908633

1451908636

Edizione

[1st ed.]

Descrizione fisica

1 online resource (54 p.)

Collana

IMF Working Papers

Altri autori (Persone)

DebrunXavier

OstryJonathan

Soggetti

Debts, Public - Econometric models

Fiscal policy - Econometric models

Debt Management

Debt sustainability analysis



Debt

Debts, External

Debts, Public

Economic theory

Exports and Imports

External debt

Fiscal Policy

Fiscal policy

Fiscal stance

International economics

International Lending and Debt Problems

Macroeconomics

Macroeconomics: Production

National Deficit Surplus

Output gap

Production and Operations Management

Production

Public debt

Public finance & taxation

Public Finance

Simulation Methods

Sovereign Debt

Turkey

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. DEBT SUSTAINABILITY ANALYSIS AND RISK""; ""III. DEBT DYNAMICS AND THE CONDUCT OF FISCAL POLICY""; ""IV. RISKS TO DEBT SUSTAINABILITY IN FIVE EMERGING MARKET ECONOMIES""; ""V. CONCLUSION""; ""Appendix""; ""REFERENCES""

Sommario/riassunto

This paper proposes a probabilistic approach to public debt sustainability analysis (DSA) using "fan charts." These depict the magnitude of risks-upside and downside-surrounding public debt projections as a result of uncertain economic conditions and policies. We propose a simulation algorithm for the path of public debt under realistic shock configurations, combining pure economic disturbances (to growth, interest rates, and exchange rates), the endogenous policy response to these, and the possible shocks arising from fiscal policy itself. The paper emphasizes the role of fiscal behavior, as well as the structure of disturbances facing the economy and due to fiscal policy, in shaping the risk profile of public debt. Fan charts for debt are derived from the "marriage" between the pattern of shocks on the one hand and the endogenous response of fiscal policy on the other. Applications to Argentina, Brazil, Mexico, South Africa, and Turkey are used to illustrate the approach and its limitations.