and we develop a debt sustainability analysis model with both channels using a country ratings proxy of political risk … rating level, volatility or both. Conversely, sustainability can be restored through reforms that can be as effective as …

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 …

arrest the increase in the debt-to-GDP ratio and regain fiscal sustainability, and if so, why did they fail? Establishing … fiscal sustainability can be done directly or indirectly. Doing it directly entails the government increasing the primary … sustainability is through the impact of expenditure and revenue on economic growth. Leaving revenue for further study later, this …

term structure of public debt on fiscal sustainability. We adopt the widely used backward-looking measure of fiscal … sustainability – fiscal responsiveness as proposed by Bohn (1998). Using data from De Graeve and Mazzolini (2023) and focusing on a … sole factor explaining the negative impact of longer maturity of public debt on fiscal sustainability. …

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …

deficits and public debt). We address the sustainability of public finances in Portuguese-speaking African countries (PALOP … the sustainability of their corresponding fiscal positions, leading these economies to be set on unsustainable public …

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt … Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some …

This study focuses on examining the relationship between fiscal and debt sustainability indicators in EU Member States … Commission. The relationship between fiscal sustainability and the numerical fiscal rules applied at national and supranational … States of the European Union for the period 2015 - 2019 is traced. The main challenges to fiscal sustainability in the …