Working Paper 2/2014 Spanish Public Debt Sustainability Analysis

Working Paper 2/2014 Spanish Public Debt Sustainability Analysis

This note develops an overarching debt sustainability analysis (DSA) framework, encompassing three of its main dimensions: (i) a traditional (deterministic) sustainability exercise, based on a simple accounting application involving the debt accumulation equation; (ii) an assessment of the realism of the assumptions underlying the deterministic ...

October 20, 2014