Bökemeier, Bettina; Owusu, Benjamin; Greiner, Alfred - 2022
technique of panel smooth transition regression (PSTR). We assess euro area debt sustainability by analysing the reaction of the … primary balance to changes in public debt, relative to GDP respectively, in annual frequency from 2000-2019 in a panel … different regimes endogenously via a logistics regression. Our results show that there are two different regimes in the euro …