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the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy … public debt in Italy following the approach proposed both by Trehan and Walsh (1988, 1991) and Bohn (1991). -- intertemporal …
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We analyze public debt sustainability in Serbia between 2004Q3 and 2014Q3. The results of our analysis are: i) public debt to GDP ratio is on unsustainable path, according to the results of unit root tests; ii) the response of primary fiscal balance to public debt accumulation is insufficient to...
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Bank of Italy website; in the future the series will be updated monthly and will remain available on the statistical …
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