Croatian Economic Survey, No. 7, 2005.
Original scientific paper
Dynamic Analysis of Public and External Debt Sustainability
Ante Babić
Ivo Krznar
Danijel Nestić
Sandra Švaljek
Abstract
This study builds the framework for the analysis of external and public debt sustainability aimed at providing an objective assessment of the outstanding debt stock and forecasting its evolution over time. The analysis incorporates projections of key macroeconomic variables and projections of debt developments as well as analysis of sensitivity of the projected debt ratio to various macroeconomic shocks. The results of sensitivity analysis can then be used to make qualitative judgements on debt sustainability and to recognize major risks.
Keywords
public debt; external debt; sustainability analysis
Hrčak ID:
6316
URI
Publication date:
15.4.2005.
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