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Assessing the Sensitivity of Hungarian Debt Sustainability to Macroeconomic Shocks under Two Fiscal Policy Reactions

Hungarian debt level has steadily increased since 2001, with the debt-to-GDP ratio reaching about 84% at end-2011. This high level combined with significant volatility of macroeconomic variable influencing potential future debt paths – GDP growth, exchange rate and interest spreads – put Hungarian d...

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Main Author: Beynet, Pierre.
Corporate Author: OECD iLibrary.
Other Authors: Paviot, Edouard.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2012.
Series:OECD working papers. Economic Department working papers ; no. 946.
Subjects:
Online Access:Online version
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