specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …

sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which is an … fiscal sustainability in Poland has significantly improved in the post-crisis period of 2009-2017: we detect both improvement … of the fiscal sustainability parameters and structural breaks in the fiscal outcomes after the crisis. Namely, in …

We apply non-linear error-correction models to the empirical testing of the sustainability of the government … tax rate adjusts faster the farther away it is from the equilibrium. -- intertemporal budget constraint ; sustainability …

The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two … different approaches to the assessment of sustainability: the use of sustainability gap indicators (Blanchard et al., 1990) and … the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy …

We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for … sustainability when debt gets "too high" relative to a threshold which is not necessarily fixed but varies with the level of debt … effects from one Eurozone country to another. -- debt sustainability ; financial crisis …

We extend previous literature on fiscal policy sustainability by introducing non-linear fiscal reaction functions with …