Paper on debt sustainability assessment

According to the Working Paper "Debt sustainability assessment: The IMF approach and alternatives" by Charles Wyplosz of the Graduate Institute of International Studies, debt sustainability is an essential attribute of good macroeconomic policies but its precise definition is elusive and its assessment is even more challenging.

The IMF has developed a sophisticated approach but it must be recognized that, because the future is unknown, any debt sustainability assessment is only valid within the

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