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An in-depth analysis of Belgium's public finance in the recent pastPrior to the outbreak of the financial crisis in … 2008 Belgium's fiscal balances and debt ratios seemed to be on a firm consolidation path. Today, however, Belgium is facing … of the recent past. This book offers that closer look at the evolution of public finance in Belgium over the decade 200 …
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In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
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