Safe debt and uncertainty in emerging markets : an application to South Africa /
This paper develops a methodology for estimating a safe public debt level that would allow countries to remain below a maximum sustainable debt limit, taking into account the impact of uncertainty. Our analysis implies that fiscal policy should target a debt level well below the debt ceiling to allo...
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2014
Washington, D.C. : 2014 |
| Series: | IMF Working Papers; Working Paper ;
No. 2014/231 IMF eLibrary IMF working paper ; WP/14/231 |
| Subjects: |