@techreport{Qin2005Empirical,
abstract = {This paper develops empirical methods of assessing the sustainability and feasibility of public debt using the No Ponzi Game criterion, using the Philippines as the testing case. Both historical data and forecasts generated by a quarterly macro-econometric model are used in the assessment. Stochastic simulations are carried out to mimic future uncertainty. The test results show that, up to the end of the present administration in 2010, the Philippine government debt is not sustainable but weakly feasible, that the feasibility is vulnerable to major adverse shocks, and that simple budgetary deficit control policy is inadequate for achieving debt sustainability or strengthening feasibility.},
address = {London},
author = {Duo Qin and Marie Anne Cagas and Geoffrey Ducanes and Nedelyn Magtibay-Ramos},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H62; H63; E62; F34; C53; 330; Government debt; Ponzi game; Rollover bond portfolio; \"{O}ffentlicher Haushalt; \"{O}ffentliche Schulden; Haushaltskonsolidierung; Empirische Methode; Philippinen},
language = {eng},
number = {527},
publisher = {Queen Mary, Univ. of London, Dep. of Economics},
title = {Empirical assessment of sustainability and feasibility of government debt: The Philippines case},
type = {Working Paper, Department of Economics, Queen Mary, University of London},
url = {http://hdl.handle.net/10419/62920},
year = {2005}
}
