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The aim of our paper is to provide a comprehensive study of public debt in various aspects across the European Union,emphasizing the existing distinctions between the emerging and advanced economies in Europe. Using annual data ranging from 1995 to 2013 we develop investigation manifold....
Persistent link: https://www.econbiz.de/10011262755
Abstract: Fiscal sustainability has been a hot topic recently. Both the experiences in the past and the Stability and … sustainability of Indonesian debt will depends on several factors, like the international interest rate, economic growth, the … sustainability. …
Persistent link: https://www.econbiz.de/10011109497
carry out, in a systematic and harmonised way, public debt sustainability analysis (DSA) for EU Member States. Analysing … recent and prospective public debt developments and risks to debt sustainability is crucial for EA countries and the EU as a … regular basis (twice a year, following autumn and spring Commission forecasts) an internal "Debt Sustainability Monitor …
Persistent link: https://www.econbiz.de/10011195676
In this paper, we test sustainability of Cameroon’s fiscal policy using the approach developed by Bohn (1998). We apply …
Persistent link: https://www.econbiz.de/10011267875
In this paper, we test sustainability of Cameroon’s fiscal policy using the approach developed by Bohn (1998). We apply …
Persistent link: https://www.econbiz.de/10005260175
The paper aims to critically examine the problems of public debt in Italy under the criteria of the Maastricht Treaty and subsequent decisions by Europe in tax matters. On this issue, the paper shows Italy's efforts in the direction of the Maastricht criteria, but also highlights the problems to...
Persistent link: https://www.econbiz.de/10009647448
There is a widespread view that reducing national debts and deficits, or “consolidating” them, causes austerity or would hinder the recovery. The reality is that reducing structural debts and deficits and “stimulus debts” is easily done without any significant deflationary effects. In...
Persistent link: https://www.econbiz.de/10009353824
The convergence criteria group together those macro variables whose dimensions mean to put in good use, to potentiate and to strengthen the major benefits of integration, as their configuration, either before and especially after the adhesion in EU, represents strict and compulsory requirements...
Persistent link: https://www.econbiz.de/10008596428
CEMAC countries, with an aim of coordinating their budget policies, established within their union some rules of economic policy which seem to be restrictive for an effective budget policy and thus sustainable in the long run. Indeed, in the economic theory, several arguments were advanced to...
Persistent link: https://www.econbiz.de/10008462329
Public debt is an important means of bridging government financing gaps. Effective and efficient utilization of public debt can increase economic growth. However, excessive reliance on public debt raises macroeconomic problems. A large gap between revenue and expenditure forces a country to...
Persistent link: https://www.econbiz.de/10005789559