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 …

We assess the time varying features of fiscal sustainability in the euro area via revisiting the empirical relationship … shows that the 2008-2009 global economic and financial crisis exerted a sizeable negative impact on fiscal sustainability …; iv) expenditure-based fiscal rules are strong determinants of fiscal sustainability. All in all, we found some evidence …

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …

Through fiscal reaction functions, we investigate fiscal sustainability for five European country-group panels and … between 1990 and 2021, we identify evidence of average compliance with sustainability restrictions among Eurozone nations …

With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction …