and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating … the current bailout by the EU/ECB/IMF. -- debt ; deficits ; political economy ; fiscal crisis ; Greece …

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 …

In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of … than the growth rate of GDP. I illustrate this finding based on simulations prepared for the Fifth Sustainability Report … sustainability, e.g., through demographic ageing. …

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 work on the sustainability of the government's intertemporal budget constraint by allowing for non … threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher … large" budgetary unbalances are corrected. -- debt sustainability ; fiscal adjustment ; nonlinear models …

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 …

serious in magnitude and can put the sustainability of public finances at risk. However, there is only limited in …