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dc.contributor.authorQin, Duoen_US
dc.contributor.authorCagas, Marie Anneen_US
dc.contributor.authorDucanes, Geoffreyen_US
dc.contributor.authorMagtibay-Ramos, Nedelynen_US
dc.description.abstractThis 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.en_US
dc.publisherQueen Mary, Univ. of London, Dep. of Economics Londonen_US
dc.relation.ispartofseriesWorking Paper, Department of Economics, Queen Mary, University of London 527en_US
dc.subject.keywordGovernment debten_US
dc.subject.keywordPonzi game-
dc.subject.keywordRollover bond portfolio-
dc.subject.stwÖffentlicher Haushalten_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwEmpirische Methodeen_US
dc.titleEmpirical assessment of sustainability and feasibility of government debt: The Philippines caseen_US
dc.typeWorking Paperen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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