Author/Editor: Mariusz Jarmuzek, Rossen Rozenov.

Release Date:March, 2017

Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and, with a few exceptions, deleveraging has been limited. Furthermore, more...

Author/Editor: Rossen Rozenov.

Release Date:March, 2017

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal policy on output, as well as uncertainty in the model parameters and more...

Author/Editor: Rossen Rozenov.

Release Date:March, 2016

The paper offers a non-probabilistic framework for representation of uncertainty in the context of a simple linear-quadratic model of fiscal adjustment. Instead of treating model disturbances as more...