Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador

Carlos Díaz Alvarado, Alejandro Izquierdo and Ugo Panizza

No 4371, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries from industrial countries and then discusses how probabilistic models can help to evaluate fiscal sustainability in an uncertain environment. Based on this discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the impact of shocks to current account financing on sustainability.

Date: 2004-08
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Citations: View citations in EconPapers (17)

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Working Paper: Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador (2004)
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