It takes the average reader and 23 minutes to read Measuring Fiscal Vulnerability and Fiscal Stress by Mr. James McHugh
Assuming a reading speed of 250 words per minute. Learn more
This paper proposes a set of fiscal indicators to assess rollover risks using the conceptual framework developed by Cottarelli (2011). These indicators provide early warning signals about the manifestation of these risks, giving policymakers the opportunity to adjust policies before extreme fiscal stress events. Two aggregate indices are calculated: an index of fiscal vulnerability and an index of fiscal stress. Results show that both indices are elevated for advanced economies, reflecting unfavorable medium-term debt dynamics and aging-related spending pressures. In emerging economies, solvency risks are lower, but the composition of public debt remains a source of risk and the fiscal position is weaker than before the crisis.
Measuring Fiscal Vulnerability and Fiscal Stress by Mr. James McHugh is 23 pages long, and a total of 5,819 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read Measuring Fiscal Vulnerability and Fiscal Stress aloud.
Measuring Fiscal Vulnerability and Fiscal Stress is suitable for students ages 8 and up.
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