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    AIReF English

    “Our mission is to guarantee effective compliance of the financial sustainability principle by the General Goverment”

    Working Paper 5/2015 Modeling interest payments for macroeconomic assessment

    In this paper we present a methodology designed to estimate the future path of interest payments by the Government. The basic idea is to represent in a compact way the joint dynamics of debt liabilities and interest payments as a function of five elements: the initial outstanding amounts of debt, the expected primary funding needs, ... Read more

    Working Paper 5/2015 Modeling interest payments for macroeconomic assessment

    Gráfico de análisis.

    In this paper we present a methodology designed to estimate the future path of interest payments by the Government. The basic idea is to represent in a compact way the joint dynamics of debt liabilities and interest payments as a function of five elements: the initial outstanding amounts of debt, the expected primary funding needs, … Read more