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
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Washington, D.C., : International Monetary Fund, 2013 | ||
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Lo trovi qui: Univ. Federico II | ||
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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
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||
Washington, D.C. : , : International Monetary Fund, , 2013 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
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Life expectancy and income convergence in the world : a dynamic general equilibrium analysis / / Kenichi Ueda |
Autore | Ueda Kenichi |
Pubbl/distr/stampa | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (36 p.) |
Disciplina | 612.68 |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Life expectancy - Econometric models
Income - Econometric models Cost and standard of living - Econometric models Convergence (Economics) - Econometric models |
Soggetto genere / forma | Electronic books. |
ISBN |
1-4623-0030-8
1-4527-5311-3 1-282-84109-2 9786612841095 1-4518-7016-7 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Model and Quantitative Results; A. Technology and Preference; B. Representative Agent; C. Neutrality of Longevity under Neoclassical Assumptions; D. Positive Value of Life with Costly Human Capital Transfer; III. Quantitative Assessment; A. Computable Form; B. Benchmark Parameter Values; C. Dynastic General Equilibrium Value of Life; D. Sensitivity Analysis; E. Income Convergence; IV. Case and Imperfect Altruism; V. Concluding Remarks; Reference; Figures; 1. Evolution of Life Expectancy; Tables; 1. Parameter Values; 2. Benchmark Quantitative Assessment
3. Sensitivity Analysis 4. Convergence of Income and Full Income; Appendices; I. Solutions; A. Optimal H/K Ratio; B. Euler Equation; II. Imperfect Altruism Case; A. Proof of Proposition 2; B. Proof of Proposition 3 |
Record Nr. | UNINA-9910463586203321 |
Ueda Kenichi
![]() |
||
[Washington, District of Columbia] : , : International Monetary Fund, , 2008 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
|
Life Expectancy and Income Convergence in the World : : A Dynamic General Equilibrium Analysis / / Kenichi Ueda |
Autore | Ueda Kenichi |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (36 p.) |
Disciplina | 612.68 |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Life expectancy - Econometric models
Income - Econometric models Cost and standard of living - Econometric models Convergence (Economics) - Econometric models Insurance Labor Macroeconomics Human Capital Skills Occupational Choice Labor Productivity Health: General Aggregate Factor Income Distribution Macroeconomics: Consumption Saving Wealth Insurance Companies Actuarial Studies Labour income economics Health economics Insurance & actuarial studies Human capital Health Income Consumption Economics |
ISBN |
1-4623-0030-8
1-4527-5311-3 1-282-84109-2 9786612841095 1-4518-7016-7 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Model and Quantitative Results; A. Technology and Preference; B. Representative Agent; C. Neutrality of Longevity under Neoclassical Assumptions; D. Positive Value of Life with Costly Human Capital Transfer; III. Quantitative Assessment; A. Computable Form; B. Benchmark Parameter Values; C. Dynastic General Equilibrium Value of Life; D. Sensitivity Analysis; E. Income Convergence; IV. Case and Imperfect Altruism; V. Concluding Remarks; Reference; Figures; 1. Evolution of Life Expectancy; Tables; 1. Parameter Values; 2. Benchmark Quantitative Assessment
3. Sensitivity Analysis 4. Convergence of Income and Full Income; Appendices; I. Solutions; A. Optimal H/K Ratio; B. Euler Equation; II. Imperfect Altruism Case; A. Proof of Proposition 2; B. Proof of Proposition 3 |
Record Nr. | UNINA-9910788235403321 |
Ueda Kenichi
![]() |
||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
|