The Revised EBA-Lite Methodology
International Monetary Fund
No 2019/026, IMF Policy Papers from International Monetary Fund
Abstract:
The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balance of EBA-Lite countries; (2) identifying alternatives to regression models for external assessments of large exporters of exhaustible commodities; and (3) a revised approach for the assessment of external sustainability in highly indebted economies. Accordingly, the revised methodology consists of three modules: 1) Regression Module 2) Module for External Assessments of Exporters of Exhaustible Commodities 3) Module for the Assessment of External Sustainability
Keywords: PP; regression model; fiscal policy; exchange rate; current account model; fiscal policy gap; CA model; saving-investment balance; current-account norm; CA balance; External balance assessment lite (EBA-Lite); Current account; Natural disasters; Health care spending; Global (search for similar items in EconPapers)
Pages: 58
Date: 2019-07-03
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