interest rates, there is no imminent problem. But at some point, debt will have to come down. There are four possible scenarios …, governments could erode the real value of debt via inflation and negative real interest rates. However, this scenario cannot …This study presents the facts, arguments and scenarios around public debt from a global perspective. Especially the …

analyzes the risk of "social dominance", where social expenditures dominate fiscal policy, and undermine growth and fiscal … sustainability. We scrutinize this risk by analyzing drivers of social expenditures and their interaction with other fiscal variables …. Results show, that social expenditure expansion is largely ageing driven, it crowds out other primary expenditures and there …

biases, as well as political-economy biases, toward higher spending and public debt ratios. …

followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt … higher expenditure and debt paths compared to a counterfactual neutral expenditure stance. Simple and prudent rules …. - Expenditure policies ; public debt ; expenditure rules ; sustainability ; fiscal stance …