A framework for assessing fiscal sustainability and external viability, with an application to India
Karen Elizabeth Parker, Steffen Kastner, International Monetary Fund. Central Asia Dept, International Monetary Fund. Policy Development and Review Dept
International Monetary Fund, 1993 - Fiscal policy - 33 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
1/2 percent adjustment programs alternative fiscal strategies Anand assess assumed authorities balance of payments bank credit central bank consolidated public sector current account deficit debt service debt stocks decline default premium domestic and foreign domestic debt estimated external debt external viability financial reform Fiscal Adjustment fiscal deficit fiscal sustainability Fisher relation foreign assets foreign borrowing foreign debt framework government debt government spending government's high-inflation higher real interest impact increase incremental capital-output ratio India inflation investment and growth macroeconomic objectives monetary base money demand national income identity nominal interest rates non-interest spending payments viability percent of GDP policy target variables policy variables primary deficit private investment private savings private sector projection horizon public debt public sector deficit real exchange rate real interest rates relationship between fiscal reserve and liquidity revenue Sargent and Wallace satisfied ex savings and investment simulations solvency spending path sustainable fiscal Wijnbergen 1988