On Monday, May 16, 2011, the United States reached the current statutory limit on the federal government's borrowing power, the debt limit or debt ceiling, of $14.294 trillion. In theory, reaching the debt limit constrains the Treasury's regular methods of financing federal activities or meeting...

We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody's, and Standard & Poor's, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal...

Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance is projected to deteriorate by an unprecedented magnitude, largely as a result of necessary fiscal measures deployed to weather the economic impact of the COVID-19 pandemic. This...