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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
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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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    More about this item

    Keywords

    public debt; sustainability; fiscal policy; European Commission; DSA;
    All these keywords.

    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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