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Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance … consolidation paths and also a range of macroeconomic shocks drawn from the historical experience of the Netherlands. The …
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Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance … consolidation paths and also a range of macroeconomic shocks drawn from the historical experience of the Netherlands. The …
Persistent link: https://www.econbiz.de/10012485963
In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
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