Whether or not a government deficit is sustainable has important implications for policy. If the debt of a nation is … sustainable, then it implies that the government should have no incentive to default on its internal debt. In this article we … examine whether or not the debt-GDP ratios of the G-7 and some European countries can be characterized by a unit root process …

Public debt and fertility are two issues of major concern in the current economic policy debate, especially in … countries with below-replacement-fertility and large debt (which appears further enlarged as a consequence of the recent world … financial distress 2008–2009). In this paper we show that, at the steady state, public debt is in general harmful for fertility …

the early 1990s. In the first regime, it appears that the government adopted the Ricardian stance to past debt levels … income growth significantly decreases the debt–GDP ratio. Second, however, the contributions of these two shocks are minor in … explaining historical variances of the debt–GDP ratio in both regimes. Third, forecast simulations reveal that the debt–GDP ratio …