Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001

This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a user-friendly tool applicable in a data-sparse environment. It combines a dynamic simulations approach with a steady...

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Main Authors:	Budina, Nina, van Wijnbergen, Sweder
Format:	Journal Article
Published:	World Bank 2012
Subjects:	bailout balance of payments balance of payments crises bank accounts central bank debt debt management debt management policies debt stocks deficits financial system fiscal deficits fiscal policies fiscal policy inflation international bank monetary fund monetary policy public debt tax
Online Access:	http://hdl.handle.net/10986/4497

id	okr-10986-4497
recordtype	oai_dc
spelling	okr-10986-44972021-04-23T14:02:18Z Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001 Budina, Nina van Wijnbergen, Sweder bailout balance of payments balance of payments crises bank accounts central bank debt debt management debt management policies debt stocks deficits financial system fiscal deficits fiscal policies fiscal policy inflation international bank monetary fund monetary policy public debt tax This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a user-friendly tool applicable in a data-sparse environment. It combines a dynamic simulations approach with a steady-state consistency approach. It also incorporates user-defined stress tests and stochastic simulations to deal with uncertainty. And it derives the future distribution of debt-output ratios, evaluating the fiscal adjustment required to stabilize them. Value at Risk analysis shows that considerable risks remain unless explicit feedback rules from debt surprises to the primary surplus are implemented. 2012-03-30T07:12:37Z 2012-03-30T07:12:37Z 2009-02-28 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/4497 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article Turkey
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	bailout balance of payments balance of payments crises bank accounts central bank debt debt management debt management policies debt stocks deficits financial system fiscal deficits fiscal policies fiscal policy inflation international bank monetary fund monetary policy public debt tax
spellingShingle	bailout balance of payments balance of payments crises bank accounts central bank debt debt management debt management policies debt stocks deficits financial system fiscal deficits fiscal policies fiscal policy inflation international bank monetary fund monetary policy public debt tax Budina, Nina van Wijnbergen, Sweder Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
geographic_facet	Turkey
description	This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a user-friendly tool applicable in a data-sparse environment. It combines a dynamic simulations approach with a steady-state consistency approach. It also incorporates user-defined stress tests and stochastic simulations to deal with uncertainty. And it derives the future distribution of debt-output ratios, evaluating the fiscal adjustment required to stabilize them. Value at Risk analysis shows that considerable risks remain unless explicit feedback rules from debt surprises to the primary surplus are implemented.
format	Journal Article
author	Budina, Nina van Wijnbergen, Sweder
author_facet	Budina, Nina van Wijnbergen, Sweder
author_sort	Budina, Nina
title	Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
title_short	Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
title_full	Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
title_fullStr	Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
title_full_unstemmed	Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001
title_sort	quantitative approaches to fiscal sustainability analysis : a case study of turkey since the crisis of 2001
publisher	World Bank
publishDate	2012
url	http://hdl.handle.net/10986/4497
_version_	1764391622746832896

Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001

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