01865cas a2200241 a 4500 AALejournalIMF004929 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869200 1018-5941 BD-DhAAL BD-DhAAL Di Bella, Gabriel. A Stochastic Framework for Public Debt Sustainability Analysis / Gabriel Di Bella. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper proposes a framework for public debt sustainability analysis (DSA) that is complementary to that generally used by IFIs. The DSA in this paper has three components: (i) an integrated and consistent accounting framework for the Consolidated Public Sector (CPS); (ii) the estimation of an appropriate, and country-specific debt threshold, following the approach proposed by Reinhart, Rogoff and Savastano (2003); and (iii) a method for the calculation of the CPS primary balance to achieve the desired debt targets, without resorting to ad-hoc assumptions for the values of the macroeconomic variables during the planning horizon, in the spirit of Garcia and Rigobon (2004) and Celasun, Debrun and Ostry (2006). The paper uses this approach to analyze the sustainability of the Dominican Republic's Public Debt. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/058 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/058/001.2008.issue-058-en.xml IMF e-Library