Bonin, Holger; Patxot, Concepció; Souto, Guadalupe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
comparisons of the fiscal sustainability indicators obtained across time and countries truly meaningful. We also show that a … demographic effect and a debt effect may bias fiscal sustainability measures over time, and establish a routine to control for … decomposition of indicators is empirically relevant. Standard generational accounting suggests that fiscal sustainability in Spain …