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We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
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We study the relationship between the budget balance and the current account balance for European Union(EU) countries … that the relationship is bi-directional for the EU panelas a whole. Furthermore, we find that in Eurozone countries, before …
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We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
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