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and the risks of overshooting the debt threshold to define a "prudent" debt level. It also provides a debt sustainability …
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Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade. Government attempts to restore fiscal health have been undermined by a gridlocked Congress. While only minor reforms have been enacted...
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The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the poor performance of local firms, with the large productivity gap between foreign-owned and local enterprises having widened. Given the mobility of foreign-owned firms, achieving...
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With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that...
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sustainability of public finances. The Belgian strategy to prefund ageing costs by generating fiscal surpluses to bring down public …
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growth, exchange rate and interest spreads – put Hungarian debt sustainability at risk. To assess debt sustainability over a … main risks to debt sustainability lie in growth shocks, whose volatility is high in Hungary. This highlights the crucial … role of growth for debt sustainability. The impact of exchange rate depreciation can also be important, especially if …
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