discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the …

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted … in disinflation and rising debt trajectory. Meanwhile, Italy's procyclical fiscal policy in downturns contributed to …

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted … in disinflation and rising debt trajectory. Meanwhile, Italy's procyclical fiscal policy in downturns contributed to …

Whether or not a government deficit is sustainable has important implications for policy. If the debt of a nation is … sustainable, then it implies that the government should have no incentive to default on its internal debt. In this article we … examine whether or not the debt-GDP ratios of the G-7 and some European countries can be characterized by a unit root process …

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

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

The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the … relationship between debt and economic growth after controlling for other determinants of growth such as labour, capital, trade …

stabilize its economy and repay debt obligations. This article explains the debt process in Greece from the 1980s to date, and … the prospects of debt stabilization. An alternative scenario is discussed showing that stabilization can become more …