Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model »
Series: IMF Working Papers
Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 March 2014
Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...