We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We … conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …-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. …

transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary …

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 … reaction to increasing debt levels in the West German Laender panel. …

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … for the full panel. Performing an expanding window analysis, we conclude that the differential between the long-term real … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of …

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 …