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Sustainability of Serbia’s public debt: Theoretical framework and analysis using the European Commission’s DSA framework

Author

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  • Filip Krvavac

    (National Bank of Serbia)

Abstract

The paper presents the Naive Bayes classifier (NBC), one of the standard models used for solving classification problems, in the context of textual analysis. The model is examined first from a theoretical perspective and then from a practical one. An empirical study was conducted with the aim of carrying out a thematic classification of news articles using the NBC. The results of our research confirm that the NBC has a high predictive power despite the simplified assumptions on which it is based. These findings suggest a potential for further application of the NBC in the thematic classification of texts, which may have significant implications for economic research.

Suggested Citation

  • Filip Krvavac, 2025. "Sustainability of Serbia’s public debt: Theoretical framework and analysis using the European Commission’s DSA framework," Working Papers Bulletin 26, National Bank of Serbia.
    • Handle: RePEc:nsb:bilten:26
    as

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    File URL: https://www.nbs.rs/documents-eng/publikacije/wp_bulletin/wp_bulletin_03_25_6.pdf
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    References listed on IDEAS

    as
    1. Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2013. "Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies," Economic Journal, Royal Economic Society, vol. 0, pages 4-30, February.
    2. Henning Bohn, 1998. "The Behavior of U. S. Public Debt and Deficits," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 949-963.
    3. Kenneth Arrow & Partha Dasgupta & Lawrence Goulder & Gretchen Daily & Paul Ehrlich & Geoffrey Heal & Simon Levin & Karl-Göran Mäler & Stephen Schneider & David Starrett & Brian Walker, 2004. "Are We Consuming Too Much?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 147-172, Summer.
    4. Charles Wyplosz, 2011. "Debt Sustainability Assessment: Mission Impossible," Review of Economics and Institutions, Università di Perugia, vol. 2(3).
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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