We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and … cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration … – absence of sustainability – between government revenues and expenditures for most countries (except for Austria, Canada …

This paper addresses the question of how a fiscal rule of a general type can preserve the sustainability of public …, assuming that fiscal policy guarantees the sustainability of public finances. Considering the institutional framework provided …

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee …

We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and … cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration … – absence of sustainability – between government revenues and expenditures for most countries (except for Austria, Canada …

for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …

for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee …