low scores, the debt/GDP ratios declined before the crisis. This was largely the consequence of a very favourable …

. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

the relationship between aid, debt servicing and debt, given that Côte d’Ivoire is a highly indebted country. The … theoretical model employed differs from those of previous studies by highlighting the interaction between debt servicing and the … allocated to debt servicing and that aid is associated with increases in the level of public debt. …

a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …

show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …

ratios, between, i) the debt and primary surplus, and ii) government expenditure and revenues. Both models show consistent … high-income countries. This also indicates that the fiscal policy can be sustainable (non-sustainable) even for the debt …

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the … suggest, for instance, that the Colombian public debt limit would be close to 68% of GDP and that the fiscal space-the gap … between the current debt level and the estimated debt limit-would reach 16 percentage points. Among the other Latin American …