In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we … strict fiscal sustainability in most of the 16 German Laender. A notable exception to this finding is Bavaria. …

The paper examines the sustainability of U.S. fiscal policy, finding substantial evidence in favor. I summarize the U ….S. fiscal record from 1792-2003, critically review sustainability conditions and their testable implications, and apply them to …’ severe heteroskedasticity. The most credible evidence in favor of sustainability is the robust positive response of primary …

debt crisis has prompted a fundamental re]evaluation of public debt sustainability and the looming threat of sovereign debt … peacetime debt]to]GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of …]torical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the …

Sustainability Council––that would actively bring financial markets into the fiscal-policy process, and we explain the technique …