sustainability ; disasters …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess …

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal … sustainability is an issue in most countries, with a below unit estimated coefficient of expenditure in the cointegration relation …

-based spending policies could have led to much safer fiscal positions much more in line with the EU’s Stability and Growth Pact rules …. - Expenditure policies ; public debt ; expenditure rules ; sustainability ; fiscal stance …

Funds with an environmental, social and corporate governance (ESG) mandate have been growing rapidly in recent years …