Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador

Carlos Díaz Alvarado, Alejandro Izquierdo and Ugo Panizza

No 1536, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries from industrial countries and then discusses how probabilistic models can help to evaluate fiscal sustainability in an uncertain environment. Based on this discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the impact of shocks to current account financing on sustainability.

Keywords: WP-511 (search for similar items in EconPapers)
JEL-codes: E62 O23 O54 (search for similar items in EconPapers)
Date: 2004-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1536

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