Download or read book Public Debt Sustainability Under Uncertainty written by Rossen Rozenov and published by International Monetary Fund. This book was released on 2017-03-13 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal policy on output, as well as uncertainty in the model parameters and system dynamics. Uncertainty is specified in general terms, and the analysis is based on the notion of invariant sets. Examples are provided to illustrate how the method can be applied in practice.