The Resource On fixed and variable fiscal surplus rules, prepared by Erdem Basci, M. Fatih Ekinci, and Murat Yulek

On fixed and variable fiscal surplus rules, prepared by Erdem Basci, M. Fatih Ekinci, and Murat Yulek

Label
On fixed and variable fiscal surplus rules
Title
On fixed and variable fiscal surplus rules
Statement of responsibility
prepared by Erdem Basci, M. Fatih Ekinci, and Murat Yulek
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP ("fixed surplus rule") and one that sets the primary surplus as a linear function of debt to GDP ratio ("variable surplus rule"). A simple debt dynamics equation, incorporating real shocks, is constructed, and the probability of exceeding the critical debt level is simulated using Monte Carlo techniques. The results show that the variable surplus rule performs better than the simple fixed surplus rule, by reducing debt sustainability concerns and the necessary medium-term primary surplus. This result hinges on the government's ability to make a credible commitment to the variable surplus rule in the medium run
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
336.3015195
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/117
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
no. WP/04/117
Label
On fixed and variable fiscal surplus rules, prepared by Erdem Basci, M. Fatih Ekinci, and Murat Yulek
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647442005
Dimensions
unknown
Extent
1 online resource (13 pages)
File format
one file format
Form of item
online
Isbn
9781282049888
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37164454
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647442005
  • imf1282049887
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

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      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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