Fiscal sustainability in an emerging market economy: When does public debt turn bad?

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Fiscal sustainability in an emerging market economy: When does public debt turn bad?

This paper proposes a Markov-switching model to assess the sustainability of fiscal policy in Malaysia for the period 1980-2014. Our results indicate the policymakers in the past have followed a sustainable fiscal policy, except during the brief periods of economic difficulty. The empirical analysis...

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Bibliographic Details
Main Authors:	Baharumshah, A.Z, Soon, Siewvoon, Lau, Evan
Format:	Article
Language:	English
Published:	Elsevier B.V. 2017
Subjects:	HG Finance
Online Access:	http://ir.unimas.my/id/eprint/15340/ http://ir.unimas.my/id/eprint/15340/2/ScienceDirectFiscal%20sustainability%20in%20an%20emerging%20market%20economy%20%28abstract%29.pdf

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