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Since 2008, the world economy has been facing the consequences of the global financial crisis. One consequence has been the rapid growth of public debt in many advanced economies, resulting from overly optimistic estimates of the fiscal situation before the crisis, declining government revenues...
Persistent link: https://www.econbiz.de/10012984467
financial sustainability. As for the structure of expenditures, those expenditures on the national economy are increasingly …
Persistent link: https://www.econbiz.de/10014355504
This study focuses on the empirical tests for the sustainability and solvency of fiscal policies in Algeria using a …
Persistent link: https://www.econbiz.de/10012145389
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …
Persistent link: https://www.econbiz.de/10012858382
The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To … manner may jeopardize fiscal sustainability, bolstering the case for strong medium-term fiscal policy frameworks …
Persistent link: https://www.econbiz.de/10013141099
This paper highlights the importance of debt-related fiscal rules and derives growth-maximizing public debt ratios from a simple theoretical model. On the basis of evidence on the productivity of public capital, we estimate public debt targets that governments should try to maintain if they wish...
Persistent link: https://www.econbiz.de/10013100835
path of public debts. The study also raises important questions about the techniques used to gauge debt sustainability …
Persistent link: https://www.econbiz.de/10013064196
We investigate the empirical foundations of the New Debt Sustainability Framework (NDSF), which was recently endorsed … by the IMF and the World Bank in support of low income countries' (LICs) debt sustainability. Our empirical re …-specific circumstances which truly matter for the achievement of debt sustainability …
Persistent link: https://www.econbiz.de/10013064197
Hungary's government debt and its sustainability is a current issue from many different aspects. Applying debt … markedly different. After that, from the several tests of debt sustainability, he makes first an analysis based on fiscal …
Persistent link: https://www.econbiz.de/10013073138
This paper explores the debt threshold for fiscal sustainability assessment for 14 emerging economies during the period … distinctive feature from other studies on fiscal sustainability. Our results demonstrate that non-Latin American economies are … long-run sustainability risk may emerge from a continuous upward trend in debt paths, implying the need for rebuilding …
Persistent link: https://www.econbiz.de/10012960415