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Analytical Framework for Fiscal Sustainability: A Review

Krishanu Pradhan

Review of Development and Change, 2019, vol. 24, issue 1, 100-122

Abstract: Abstract Continuous assessment of fiscal sustainability is essential to macroeconomic policy research for identifying the sources of risk and vulnerability in the fiscal and macro structure of a country and suggesting appropriate policy to avoid abrupt macroeconomic crises. In this context, this review-cum-technical note is an attempt to provide theoretical and empirical backgrounds for assessing the soundness of a country’s current and future fiscal policies. Since fiscal sustainability analysis is a multidimensional problem, the present study presents various approaches to fiscal sustainability with theoretical and empirical frameworks to understand the issue from an academic as well as practitioner’s perspective.

Keywords: Fiscal imbalance; fiscal sustainability; public debt; budgetary deficit (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sae:revdev:v:24:y:2019:i:1:p:100-122

DOI: 10.1177/0972266119845951

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