A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably …

use of (country-specific) debt thresholds to assess debt sustainability. We argue that the level of the debt-to-GDP ratio …

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt … Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some …

Fiscal sustainability remains a paramount challenge for small economies with high debt and greater vulnerability to … climate change. This paper applies the model-based sustainability test for fiscal policy in a panel of 16 Caribbean countries … fiscal policy response is not adequate to ensure sustainability at higher levels of debt. We also find that the fiscal stance …

The paper offers an approach to assessing the sustainability of public debt taking into account the effect of fiscal …

debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …

How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets …? We introduce a measure of debt sustainability – the difference between the debt stabilizing primary balance and the … that debt sustainability is an important determinant of spreads. In addition, using a panel smooth transition regression …

Do government financial assets help improve public debt sustainability? To answer this question, we assemble a … late 1980s. We then use this rich database to estimate the impact of assets on two key dimensions of debt sustainability …