This paper presents a literature review regarding the assessment of government solvency and fiscal policy. While indicators for fiscal sustainability are forward looking and based on expected future fiscal policies, tests are backward looking and based on information about the past values of fiscal variables. In this paper, we describe the main tests for fiscal solvency.
Testing Fiscal Solvency in Macroeconomics
Canofari P.
;
2020-01-01
Abstract
This paper presents a literature review regarding the assessment of government solvency and fiscal policy. While indicators for fiscal sustainability are forward looking and based on expected future fiscal policies, tests are backward looking and based on information about the past values of fiscal variables. In this paper, we describe the main tests for fiscal solvency.File in questo prodotto:
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