Eller, Markus; Urvová, Jarmila - In: Focus on European Economic Integration (2012) 4, pp. 48-79
To assess to which extent public debt positions in four CESEE economies (the Czech Republic, Hungary, Poland and Slovakia) are sustainable in the medium term, we apply a stochastic debt sustainability analysis (SDSA), building on Celasun, Debrun and Ostry (2007). In contrast to conventional debt...