The 'How To' of Fiscal Sustainability: A Technical Manual for Using the Fiscal Sustainability Tool

71 Pages Posted: 20 Apr 2016

See all articles by Luca Bandiera

Luca Bandiera

World Bank

Nina Budina

World Bank

Michel Klijn

affiliation not provided to SSRN

Sweder van Wijnbergen

Universiteit van Amsterdam; Tinbergen Institute; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Date Written: March 1, 2007

Abstract

Fiscal sustainability analysis (FSA) is an important component of macroeconomic analysis for many developing countries. To further enhance understanding of fiscal policy and the constraints faced by policymakers, the authors develop a toolkit for FSA in middle-income countries which builds on previous work in this area and on new developments in dealing with uncertainty. The FSA toolkit includes an Excel-based FSA tool and a technical manual accompanying it. The FSA tool is standardized and simple, but at the same time flexible enough to allow for user-defined country-specifics. This manual provides step-by-step technical instructions for running the FSA tool and includes mathematical appendices and a glossary.

Keywords: Economic Theory & Research, External Debt, Strategic Debt Management, Economic Stabilization, Public Sector Economics & Finance

Suggested Citation

Bandiera, Luca and Budina, Nina and Klijn, Michel and van Wijnbergen, Sweder, The 'How To' of Fiscal Sustainability: A Technical Manual for Using the Fiscal Sustainability Tool (March 1, 2007). World Bank Policy Research Working Paper No. 4170. Available at SSRN: https://ssrn.com/abstract=972703

Luca Bandiera (Contact Author)

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Nina Budina

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Michel Klijn

affiliation not provided to SSRN

No Address Available

Sweder Van Wijnbergen

Universiteit van Amsterdam ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands
+31 20 525 4011 / 4203 (Phone)
+31-35-624 91 82 (Fax)

Tinbergen Institute

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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