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Fiscal sustainability [[electronic resource] ] : a 21st century guide for the perplexed / / prepared by Evan Tanner
Fiscal sustainability [[electronic resource] ] : a 21st century guide for the perplexed / / prepared by Evan Tanner
Autore Tanner Evan
Pubbl/distr/stampa Washington, D.C., : International Monetary Fund, 2013
Descrizione fisica 1 online resource (93 p.)
Collana IMF working paper
Soggetto topico Fiscal policy - Econometric models
Convergence (Economics) - Econometric models
Soggetto genere / forma Electronic books.
ISBN 1-4843-9716-9
1-4843-5149-5
1-4843-0161-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt
V. Distributing Surpluses Over Time: A Fiscal Objective Function A. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis)
VI. Required Adjustment in an Uncertain Environment 2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds
7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims Approach XII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
Record Nr. UNINA-9910463347303321
Tanner Evan  
Washington, D.C., : International Monetary Fund, 2013
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Sustainability : : A 21st Century Guide for the Perplexed / / Evan Tanner
Fiscal Sustainability : : A 21st Century Guide for the Perplexed / / Evan Tanner
Autore Tanner Evan
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2013
Descrizione fisica 1 online resource (93 p.)
Collana IMF Working Papers
Soggetto topico Fiscal policy - Econometric models
Convergence (Economics) - Econometric models
Investments: Energy
Macroeconomics
Public Finance
Policy Objectives
Policy Designs and Consistency
Policy Coordination
Fiscal Policy
National Deficit Surplus
Debt
Debt Management
Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
Energy: General
Public finance & taxation
Investment & securities
Public debt
Fiscal consolidation
Oil
Fiscal sustainability
Fiscal policy
Commodities
Debts, Public
Petroleum industry and trade
ISBN 1-4843-9716-9
1-4843-5149-5
1-4843-0161-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt
V. Distributing Surpluses Over Time: A Fiscal Objective Function A. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis)
VI. Required Adjustment in an Uncertain Environment 2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds
7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims Approach XII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
Record Nr. UNINA-9910787668503321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2013
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Sustainability : : A 21st Century Guide for the Perplexed / / Evan Tanner
Fiscal Sustainability : : A 21st Century Guide for the Perplexed / / Evan Tanner
Autore Tanner Evan
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2013
Descrizione fisica 1 online resource (93 p.)
Disciplina 338.12689
Collana IMF Working Papers
Soggetto topico Fiscal policy - Econometric models
Convergence (Economics) - Econometric models
Investments: Energy
Macroeconomics
Public Finance
Policy Objectives
Policy Designs and Consistency
Policy Coordination
Fiscal Policy
National Deficit Surplus
Debt
Debt Management
Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
Energy: General
Public finance & taxation
Investment & securities
Public debt
Fiscal consolidation
Oil
Fiscal sustainability
Fiscal policy
Commodities
Debts, Public
Petroleum industry and trade
ISBN 1-4843-9716-9
1-4843-5149-5
1-4843-0161-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt
V. Distributing Surpluses Over Time: A Fiscal Objective Function A. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis)
VI. Required Adjustment in an Uncertain Environment 2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds
7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims Approach XII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
Record Nr. UNINA-9910826699303321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2013
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Frugality : : Are We Fretting Too Much? Household Saving and Assets in the United States / / Evan Tanner, Yasser Abdih
Frugality : : Are We Fretting Too Much? Household Saving and Assets in the United States / / Evan Tanner, Yasser Abdih
Autore Tanner Evan
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 51 p. : ill
Altri autori (Persone) AbdihYasser
Collana IMF Working Papers
Soggetto topico Saving and investment - United States - Econometric models
Income - United States - Econometric models
Wealth - United States - Econometric models
Investments: Stocks
Macroeconomics
Personal Income, Wealth, and Their Distributions
Aggregate Factor Income Distribution
Macroeconomics: Consumption
Saving
Wealth
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Investment & securities
Disposable income
Income
Consumption
Personal income
Stocks
National income
Economics
ISBN 1-4623-4264-7
1-4518-7344-1
1-282-84405-9
9786612844058
1-4527-7932-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910788227303321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Frugality : : Are We Fretting Too Much? Household Saving and Assets in the United States / / Evan Tanner, Yasser Abdih
Frugality : : Are We Fretting Too Much? Household Saving and Assets in the United States / / Evan Tanner, Yasser Abdih
Autore Tanner Evan
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 51 p. : ill
Disciplina 332.024;332.02401
Altri autori (Persone) AbdihYasser
Collana IMF Working Papers
Soggetto topico Saving and investment - United States - Econometric models
Income - United States - Econometric models
Wealth - United States - Econometric models
Investments: Stocks
Macroeconomics
Personal Income, Wealth, and Their Distributions
Aggregate Factor Income Distribution
Macroeconomics: Consumption
Saving
Wealth
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Investment & securities
Disposable income
Income
Consumption
Personal income
Stocks
National income
Economics
ISBN 1-4623-4264-7
1-4518-7344-1
1-282-84405-9
9786612844058
1-4527-7932-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Intro -- Contents -- I. Introduction -- II. Indicators of Household Wealth and Saving in the United States. -- III. An Inverse Relationship between Primary Savings and Asset Income? -- IV. The Estimated Relation Between Primary Saving and Asset Income -- V. Prospective Analysis: Alternative Scenarios for Savings and Assets -- A. Forward Simulations -- B. Stochastic Simulation (No Change to Parameters) -- C. Alternative "New Frugality" Scenarios: Structural Shifts In The Model -- VI. Pleasant Pigovian Accounting? Further Reflections on the Paradox of Thrift -- A. An Accounting Model -- B. Prospective Paths for Consumer Expenditures -- C. Capital Investment -- VII. Summary, Conclusions, and Directions for Future Work -- References -- Appendixes -- A. Data Definitions -- B. Assessing Transversality: Primary Savings and the Level of Assets -- C. Estimation Details -- 1. Model Setup -- 2. Coefficient Estimates: Long-Run and Short-Run -- D. Pleasant Pigovian Accounting in an Open Economy -- Appendix Tables -- A.1. Unit Root Tests for Variables in Levels and Differences -- A.2. Cointegration Analysis (Johansen (1990) Test -- A.3. Hypothesis Tests, Restrictions on Cointegrating Coefficients -- A.4. Summary of Estimates, VECM System (3') -- Tables -- 1. United States: Household Assets and Liabilities Averages by Decade -- 2. United States: Household Assets and Liabilities Averages by Decade -- 3. United States: Household Assets and Liabilities Changes between Decades -- 4. Summary of Estimates, Equations (4a), (4b), (4c) -- 5. Summary of Alternative Savings Scenarios -- 6. Summary of Estimates, Equation (12) -- 7. Summary of Estimates, Equation (13) -- Figures -- 1. Household Net Wealth and Personal Savings (in Percent of GDP) -- 2. United States: Real Rates of Return on Assets Percent per Annum, Yearly.
3. United States: Saving, Alternative Measures (In Percent of Disposable -- 4. Impulse Response Functions, VECM System (3() -- 5. Primary Savings (S*)-Stochastic Simulations US Billion -- 6. Net Worth (A, Upper Chart) and Primary Savings (S*, Lower Chart), -- 7. U.S. Savings: Corporate vs. Household Savings -- 8. US: Capital Formation and Net Wealth -- 9. US Household Consumption -- 10. Fixed Capital Formation (FC), Stochastic Simulations (US Billions) -- 11. Total Fixed Investment (Billions of 2000 US) -- Boxes -- 1. Recent Views on U.S. Savings and the Paradox Of Thrift in the Popular and Financial Press.
Record Nr. UNINA-9910812017903321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Probabilistic sustainability of public debt [[electronic resource] ] : a vector autoregression approach for Brazil, Mexico, and Turkey / / prepared by Evan Tanner and Issouf Samake
Probabilistic sustainability of public debt [[electronic resource] ] : a vector autoregression approach for Brazil, Mexico, and Turkey / / prepared by Evan Tanner and Issouf Samake
Autore Tanner Evan
Pubbl/distr/stampa [Washington, D.C.], : IMF Institute and African Dept., 2006
Descrizione fisica 1 online resource (44 p.)
Altri autori (Persone) SamakéIssouf
Collana IMF working paper
Soggetto topico Debts, Public - Brazil - Econometric models
Debts, Public - Mexico - Econometric models
Debts, Public - Turkey - Econometric models
Fiscal policy - Brazil - Econometric models
Fiscal policy - Mexico - Econometric models
Fiscal policy - Turkey - Econometric models
Soggetto genere / forma Electronic books.
ISBN 1-4623-4979-X
1-4527-0573-9
1-283-51672-1
9786613829177
1-4519-1008-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. FISCAL SUSTAINABILITY: SOME PREVIOUS WORK""; ""III. OVERVIEW OF OUR METHODOLOGY""; ""IV. BRAZIL, 2000�05""; ""V. MEXICO""; ""VI. TURKEY""; ""VII. SUMMARY AND CONCLUSIONS""; ""APPENDIX ECONOMETRIC METHODOLOGY AND ESTIMATES""; ""REFERENCES""
Record Nr. UNINA-9910463965403321
Tanner Evan  
[Washington, D.C.], : IMF Institute and African Dept., 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Probabilistic Sustainability of Public Debt : : A Vector Autoregression Approach for Brazil, Mexico, and Turkey / / Evan Tanner, Issouf Samaké
Probabilistic Sustainability of Public Debt : : A Vector Autoregression Approach for Brazil, Mexico, and Turkey / / Evan Tanner, Issouf Samaké
Autore Tanner Evan
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (44 p.)
Altri autori (Persone) SamakéIssouf
Collana IMF Working Papers
Soggetto topico Debts, Public - Brazil - Econometric models
Debts, Public - Mexico - Econometric models
Debts, Public - Turkey - Econometric models
Fiscal policy - Brazil - Econometric models
Fiscal policy - Mexico - Econometric models
Fiscal policy - Turkey - Econometric models
Banks and Banking
Foreign Exchange
Macroeconomics
Public Finance
Allocative Efficiency
Cost-Benefit Analysis
Policy Objectives
Policy Designs and Consistency
Policy Coordination
Fiscal Policy
Debt
Debt Management
Sovereign Debt
Interest Rates: Determination, Term Structure, and Effects
Public finance & taxation
Currency
Foreign exchange
Finance
Fiscal policy
Public debt
Fiscal sustainability
Exchange rates
Real interest rates
Financial services
Debts, Public
Interest rates
ISBN 1-4623-4979-X
1-4527-0573-9
1-283-51672-1
9786613829177
1-4519-1008-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. FISCAL SUSTAINABILITY: SOME PREVIOUS WORK""; ""III. OVERVIEW OF OUR METHODOLOGY""; ""IV. BRAZIL, 2000�05""; ""V. MEXICO""; ""VI. TURKEY""; ""VII. SUMMARY AND CONCLUSIONS""; ""APPENDIX ECONOMETRIC METHODOLOGY AND ESTIMATES""; ""REFERENCES""
Record Nr. UNINA-9910788699903321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Probabilistic Sustainability of Public Debt : : A Vector Autoregression Approach for Brazil, Mexico, and Turkey / / Evan Tanner, Issouf Samaké
Probabilistic Sustainability of Public Debt : : A Vector Autoregression Approach for Brazil, Mexico, and Turkey / / Evan Tanner, Issouf Samaké
Autore Tanner Evan
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (44 p.)
Altri autori (Persone) SamakéIssouf
Collana IMF Working Papers
Soggetto topico Debts, Public - Brazil - Econometric models
Debts, Public - Mexico - Econometric models
Debts, Public - Turkey - Econometric models
Fiscal policy - Brazil - Econometric models
Fiscal policy - Mexico - Econometric models
Fiscal policy - Turkey - Econometric models
Banks and Banking
Foreign Exchange
Macroeconomics
Public Finance
Allocative Efficiency
Cost-Benefit Analysis
Policy Objectives
Policy Designs and Consistency
Policy Coordination
Fiscal Policy
Debt
Debt Management
Sovereign Debt
Interest Rates: Determination, Term Structure, and Effects
Public finance & taxation
Currency
Foreign exchange
Finance
Fiscal policy
Public debt
Fiscal sustainability
Exchange rates
Real interest rates
Financial services
Debts, Public
Interest rates
ISBN 1-4623-4979-X
1-4527-0573-9
1-283-51672-1
9786613829177
1-4519-1008-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. FISCAL SUSTAINABILITY: SOME PREVIOUS WORK""; ""III. OVERVIEW OF OUR METHODOLOGY""; ""IV. BRAZIL, 2000�05""; ""V. MEXICO""; ""VI. TURKEY""; ""VII. SUMMARY AND CONCLUSIONS""; ""APPENDIX ECONOMETRIC METHODOLOGY AND ESTIMATES""; ""REFERENCES""
Record Nr. UNINA-9910810745603321
Tanner Evan  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui