Publikationen der Stiftung → An appraisal of debt sustainability analyses amid multiple crises Titel
Publikationen der Stiftung → An appraisal of debt sustainability analyses amid multiple crises
Titel
Titelaufnahme
Titelaufnahme
- TitelAn appraisal of debt sustainability analyses amid multiple crises
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- Erschienen
- Umfang1 Online-Ressource (35 Seiten) : Diagramme
- SpracheEnglisch
- SerieDebt sustainability assessments & their role in the global financial architectureEconomy and finance
- DokumenttypDruckschrift
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Zusammenfassung
In an era of high debts and more shocks, should debt sustainability analysis change to adapt? A new study by Sherillyn Raga proposes four ways it can. One is by correcting the IMF’s over-optimistic growth and public debt forecasts for low-income countries, which underestimate the impact of overlapping shocks. The second is by better incorporating the impact of fiscal policy on baseline projections. The third is to produce a stress-test scenario for large shocks to trigger early action and prevent debt distress. Finally, when judgement rather than objective signals guide policy advice to countries, the reasoning needs to be clearly documented.