changes, (iii) public debt sustainability and (iv) monetary policy. Following a one standard deviation shock, uncertainty … about debt sustainability has the largest and most significant impact on real activity, with negative effects on output … by debt sustainability. Our results are based on a new empirical framework that allows the volatility of identified …

This working paper details and updates the debt sustainability analysis of Darvas, Sapir and Wolff (2014) for Greece …

This paper analyzes the sustainability of Costa Rican sovereign debt within the intertemporal budget constraint … in the long run, and in the short run there have been few instances of debt sustainability since the economic crisis of …

primary balance. The sustainability exercise also showed that fiscal policy is sustainable. However, it is found that this … sustainability was not a result of appropriate fiscal policy. While factors outside of the Governments control worsened the primary …

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels …

panel data econometric estimators, this article examines the issue of fiscal sustainability for a group of 10 Caribbean … that past fiscal behavior is “weakly” sustainable. The “weak sustainability” finding is reinforced by evidence from an …