. However, public finances remain under the pressure of the demographic cycle. Therefore, to achieve fiscal sustainability, the … government budget, as social insurance in Spain is not actuarially fair. Finally, we also assess the impact of a decline in …

. However, public finances remain under the pressure of the demographic cycle. Therefore, to achieve fiscal sustainability, the … government budget, as social insurance in Spain is not actuarially fair. Finally, we also assess the impact of a decline in …

decomposition of indicators is empirically relevant. Standard generational accounting suggests that fiscal sustainability in Spain … 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 …

reform, the U.S. risks joining the PIIGS – Portugal, Ireland, Italy, Greece and Spain – on the road to ruin through …

. However, public finances remain under the pressure of the demographic cycle. Therefore, to achieve fiscal sustainability, the … government budget, as social insurance in Spain is not actuarially fair. Finally, we also assess the impact of a decline in …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

Mainly due to increasing concerns about the potential impact of population aging the sustainability of public finances … and empirical tests for sustainability and assesses the sustainability of public finances in euro area countries on the … indicators for fiscal sustainability are proposed and appropriate policy options to restore fiscal sustainability are explored …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …