A Simulation Model of Public Debt Sustainability

8 Pages Posted: 18 Feb 2010 Last revised: 11 Mar 2010

See all articles by Lucian-Liviu Albu

Lucian-Liviu Albu

Romanian Academy - Institute for Economic Forecasting

Date Written: November 23, 2008

Abstract

There is a long period since the problem of public debt sustainability captures the attention of economists. However, there is no unanimity concerning an adequate unique sustainability indicator or function generally accepted. Just in this line of elaborating new models and improving methodologies in order to quantify the impact of various factors on public debt sustainability is our paper. Moreover, last years, during its pre- and post-accession into EU period, Romanian economy is facing to numerous problems. Among these, the public debt sustainability plays a central role, its implications practically expanding on all fields connected to the economic dynamics.

Keywords: public debt, sustainability function, contour plot, primary deficit, interest rate

JEL Classification: C15, C51, H63, H68

Suggested Citation

Albu, Lucian-Liviu, A Simulation Model of Public Debt Sustainability (November 23, 2008). Available at SSRN: https://ssrn.com/abstract=1554271 or http://dx.doi.org/10.2139/ssrn.1554271

Lucian-Liviu Albu (Contact Author)

Romanian Academy - Institute for Economic Forecasting ( email )

Bucharest, 050711
Romania

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
133
Abstract Views
557
rank
233,496
PlumX Metrics