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240607 ||| eng |
| 020 |
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|a 9798400247231
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| 100 |
1 |
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|a Shibata, Ippei
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| 245 |
0 |
0 |
|a Optimal Fiscal Path Considerations
|b Portugal
|c Ippei Shibata, Volodymyr Tulin
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 10 pages
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| 651 |
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4 |
|a Portugal
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Interest rates
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Government debt management
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| 653 |
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|a Financial services
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| 653 |
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|a National Deficit Surplus
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debts, Public
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| 653 |
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|a International organization
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| 653 |
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|a Cycles
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| 653 |
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|a International institutions
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| 653 |
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|a International Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a International Agreements and Observance
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| 653 |
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|a International Organizations
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| 653 |
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|a Monetary economics
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| 653 |
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|a Real interest rates
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| 653 |
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|a International agencies
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| 653 |
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|a Debt Management
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| 653 |
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|a Debt
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| 653 |
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|a Fiscal consolidation
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary policy
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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| 700 |
1 |
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|a Tulin, Volodymyr
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
|
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a Selected Issues Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400247231.018
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/018/2023/045/018.2023.issue-045-en.xml?cid=535857-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Despite achieving a rapid reduction in the public debt-to-GDP ratio in recent years, Portugal's debt ratio remains relatively high at 113.9 percent of GDP in end-2022. This paper employs an analytical model to determine the appropriate trajectory for structural consolidation to sustain ambitious debt reduction over the medium term, taking into account the uncertainties in the economic landscape. The model points to a need for continued fiscal tightening between 2024 and 2028. Optimal consolidation would be higher under higher longterm interest rates, lower medium-term growth prospects, or increased market sensitivity to debt
|