It takes the average reader and 21 minutes to read Primary Surpluses and sustainable Debt Levels in Emerging Market Countries by Mr. Jonathan David Ostry
Assuming a reading speed of 250 words per minute. Learn more
This paper aims to put some constraints on the way primary surpluses are projected when making assessments of public debt sustainability. Projections should be tied either to the country's historical track record in generating surpluses-if the institutional and other factors accounting for this track record are expected to persist-or to some model that links primary surpluses to their fundamental determinants, either on the basis of constant institutions and policies or a credible reform program. History-based or model-based primary surplus projections provide a useful benchmark for judging the realism of fiscal forecasts underlying debt sustainability calculations. Together with information on future growth and interest rates, the primary surplus projections can be used to generate measures of overborrowing, and the magnitude of adjustment needed to return debt to a sustainable level.
Primary Surpluses and sustainable Debt Levels in Emerging Market Countries by Mr. Jonathan David Ostry is 21 pages long, and a total of 5,271 words.
This makes it 7% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read Primary Surpluses and sustainable Debt Levels in Emerging Market Countries aloud.
Primary Surpluses and sustainable Debt Levels in Emerging Market Countries is suitable for students ages 8 and up.
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