Fiscal Sustainability: The Case of Eritrea

January 1, 2004

Preview Citation

Format: Chicago

Ayumu Yamauchi. Fiscal Sustainability: The Case of Eritrea, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of fiscal and external debt sustainability. The paper then goes beyond the usual analytical indicators by attempting to identify how and through which channels fiscal and other economic policies have affected the behavior of endogenous variables that in one way or another influence sustainability.

Subject: Exchange rates, External debt, Fiscal policy, Fiscal stance, Fiscal sustainability, Foreign exchange, Public debt

Keywords: Assets and liabilities, Debt indicator, Debt stock, Endogenous response, Exchange rates, Fiscal stance, Fiscal sustainability, Gap indicator, GDP decline, GDP ratio, Inflation rate, Nominal exchange rate, Physical capital, Posited deficit objective, Private sector, Rate of exchange rate appreciation, WP

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/007
Stock No:

WPIEA0072004
ISBN:

9781451842449
ISSN:

1018-5941

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