serious in magnitude and can put the sustainability of public finances at risk. However, there is only limited in …

The main goal of this article is to investigate the level of long-term sustainability of public finance in the Central … surpluses and significantly growing public debt volumes prevent the attainment of sustainability in the area of public finance …

We study the sustainability of public debt in a closed production economy where a benevolent government chooses fiscal …

We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for … sustainability when debt gets "too high" relative to a threshold which is not necessarily fixed but varies with the level of debt … effects from one Eurozone country to another. -- debt sustainability ; financial crisis …