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 …

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … sustainability is an issue in most countries, with a below unit estimated coefficient of expenditure in the cointegration relation …. -- Fiscal sustainability ; EU ; panel cointegration …

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …

We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … the input efficiency scores obtained, countries' fiscal balance and fiscal sustainability is directly improved by the use … revenues, which also improves fiscal sustainability. Specifically, rationalising public expenditures without jeopardising the …

This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … offer significant policy insights for fiscal sustainability in varied administrative contexts. …

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of … fiscal rules on sustainability coefficients à la Hakkio and Rush (1991) and Bohn (1998) are heterogenous. Furthermore, before …

We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance … sustainability by positively influencing the responsiveness of the primary and global government balances; the responses of the …-relationship between the fiscal sustainability coefficients. …

-step approach to assess the impact of fiscal and external sustainability on sovereign risk dynamics for a panel of 27 European … sustainability, through the cointegration between government revenues and expenditures, and of external sustainability, derived from …. Noticeably, we show that an improvement of both fiscal and external sustainability lead to a reduction in sovereign risk. This …

We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … maturity were beneficial for fiscal sustainability. Sovereign debt rating downgrades implied a posterior fiscal reaction that … improves fiscal sustainability. Moreover, fiscal sustainability increased during the implementation of the international …