It takes the average reader and 45 minutes to read Probabilistic Sustainability of Public Debt by Mr. Evan Tanner
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the sustainability of fiscal policy under uncertainty in three emerging market countries, Brazil, Mexico, and Turkey. For each country, we estimate a vector autoregression (VAR) that includes fiscal and macroeconomic variables. Retrospectively, a historical decomposition shows by how much debt accumulation reflects unsustainable policy, adverse shocks, or both. Prospectively, Monte Carlo techniques reveal the primary surplus that is required to keep the debt/GDP ratio from rising in all but the worst 50 percent, 25 percent, and 10 percent of circumstances. Such a value-at-risk approach presents a clearer menu of policy options than currently used frameworks.
Probabilistic Sustainability of Public Debt by Mr. Evan Tanner is 45 pages long, and a total of 11,475 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Probabilistic Sustainability of Public Debt aloud.
Probabilistic Sustainability of Public Debt is suitable for students ages 8 and up.
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