Sensitivity of public debt to macroeconomic shocks: An application to the Egyptian economy

Heba Youssef M. Hashem, Heidi Aly Fahmy, Heba Youssef M. Hashem & Heidi Aly Fahmy
This paper aims at assessing the vulnerability of public debt to various shocks in macroeconomic variables in Egypt. This is particularly relevant for the Egyptian economy since it has currently witnessed high levels of public debt and has adopted a structural reform program that encompasses fiscal and monetary reforms to ensure macroeconomic stability. Hence, it is crucial to provide insights to policy makers on the most influential variables that affect the public debt to boost...
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