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

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creativeworkseries.issn1564-698X
dc.contributor.authorBudina, Nina
dc.contributor.authorvan Wijnbergen, Sweder
dc.date.accessioned2012-03-30T07:12:37Z
dc.date.available2012-03-30T07:12:37Z
dc.date.issued2009-02-28
dc.description.abstractThis 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.en
dc.identifier.citationWorld Bank Economic Review
dc.identifier.doi10.1596/4497
dc.identifier.issn1564-698X
dc.identifier.urihttps://hdl.handle.net/10986/4497
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectbailout
dc.subjectbalance of payments
dc.subjectbalance of payments crises
dc.subjectbank accounts
dc.subjectcentral bank
dc.subjectdebt
dc.subjectdebt management
dc.subjectdebt management policies
dc.subjectdebt stocks
dc.subjectdeficits
dc.subjectfinancial system
dc.subjectfiscal deficits
dc.subjectfiscal policies
dc.subjectfiscal policy
dc.subjectinflation
dc.subjectinternational bank
dc.subjectmonetary fund
dc.subjectmonetary policy
dc.subjectpublic debt
dc.subjecttax
dc.titleQuantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001en
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.date.doiregistration2025-05-06T11:09:19.911070Z
okr.doctypeJournal Article
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report1
okr.language.supporteden
okr.pagenumber119
okr.pagenumber140
okr.pdfurlwber_23_1_119.pdfen
okr.peerreviewAcademic Peer Review
okr.region.countryTurkiye
okr.topicInternational Economics and Trade
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicBanks and Banking Reform
okr.topicInternational Economics and Trade::External Debt
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.volume23
relation.isJournalIssueOfPublication765afeee-ef91-4a3a-8298-e46e98d8ca0a
relation.isJournalIssueOfPublication.latestForDiscovery765afeee-ef91-4a3a-8298-e46e98d8ca0a
relation.isJournalOfPublicationc41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication2a48d5d8-d550-47d9-ae0e-29ef4f0212f2
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