%0 Journal Article
%T Debt Sustainability Assessment: Mission Impossible
%A Charles Wyplosz
%J Review of Economics and Institutions
%D 2011
%I University of Perugia
%R 10.5202/rei.v2i3.42
%X Debt sustainability is a vexing issue. Its importance is immediately obvious but it escapes any easy definition. This situation is not unheard of in economics; price stability and full employment are examples of other crucially important policy objectives that cannot be simply defined. Yet, while price stability or full employment can both be measured with a reasonable degree of precision, debt sustainability cannot even be measured directly.
%K public debts
%K budget balance
%K sustainability
%U http://www.rei.unipg.it/rei/article/view/42