Bouabdallah, Othman; Checherita-Westphal, Cristina; … - 2017
The euro area sovereign debt crisis has highlighted the importance of reducing public debt levels and building up … sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other …