Another IMF WP – available here.
Summary: This paper presents a range of tools and indicators for analyzing fiscal vulnerabilities and risks for advanced economies. The analysis covers key short-, medium- and long-term dimensions. Short-term pressures are captured by assessing (i) gross funding needs, (ii) market perceptions of default risk, and (iii) stress dependence among sovereigns. Medium- and long-term pressures are summarized by (iv) medium- and long-term budgetary adjustment needs, (v) susceptibility of debt projections to growth and interest rate shocks, and (vi) stochastic risks to medium-term debt dynamics. Aiming to cover a wide range of advanced economies and minimize data lags, has also influenced the selection of empirical methods. Due to these features, they can, for example, help inform the joint IMF-FSB Early Warning Exercise (EWE) on the fiscal dimensions of economic risks.
4 replies on “A Toolkit to Assessing Fiscal Vulnerabilities and Risks in Advanced Economies”
Hopefully that Cern data can be validated and we can as a society go back in time to 2002 so the IMF can apply those jazzy tools to the Bertie/Biffo years and wipe out the guts of 4 years of posting to this site
@Seafoid
If I had one of those thingies I would go back further then that.
http://www.youtube.com/watch?v=t8OlST8kEBg
Dork
Are there any videos of the sugar factory in Mallow? Another disaster.
No , just a nice but sad video of the last beet trains.
http://www.youtube.com/watch?v=nyMtCcwLGP8
The Mallow Disaster was a form of epic poetry – the culmination of the madness and a dramatic example of how the Finance business has completely divorced itself from the life support business.
They have done it again with biofuel – rising VAT and not excise on Fuel – destroying the little cottage fuel Industry here.
Its as if the strategic agenda is Industrial destruction………….
If you follow the CSO stats the only thing new in the train haulage business is timber.
In the last few years they have stopped shipping things such as Beer & oil ….. and yet they spend large amounts on fancy windmill stuff to save energy – I just can’t understand it.
A small subsidy would save far more energy then the above.