and we develop a debt sustainability analysis model with both channels using a country ratings proxy of political risk … rating level, volatility or both. Conversely, sustainability can be restored through reforms that can be as effective as …

sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …

term structure of public debt on fiscal sustainability. We adopt the widely used backward-looking measure of fiscal … sustainability – fiscal responsiveness as proposed by Bohn (1998). Using data from De Graeve and Mazzolini (2023) and focusing on a … sole factor explaining the negative impact of longer maturity of public debt on fiscal sustainability. …

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …