also addressing, albeit in a limited way, the larger political issue of the nation's debt and deficit along with the …

In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …

between the primary budget deficit and the public debt defined in GDP ratios. Based on the cointegration test results, we …

given share of public funds net of debt service, a policy of running budget deficits becomes optimal. The optimal budget … deficits are higher, the higher the share of net public funds spent exogenously on immigrants. We take the share of immigrants … in the total population as a proxy for exogenous spending on immigrants and estimate its effect on budget deficits for 20 …

Greece have found out, austerity does not mean reduced budget deficits, because tax revenues fall faster than spending can be … bank debts were in 'foreign' currencies. By this I mean that even though Irish bank debt was in euros, the Government of … case for debt relief or default. Then I will present a program of direct job creation that could put Ireland on the path to …

period 1990-2016, and includes 28 indicators of fiscal space grouped into four categories: debt sustainability, balance sheet … vulnerability, external and private sector debt related risks as potential causes of contingent liabilities, and market access. We …