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This paper presents a brief description of fiscal sustainability and government budget accounting issues - as they are …
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this question using four different criterion for debt sustainability. We augment the baseline model with a comprehensive … sustainability is highly sensitive to various macroeconomic factors like economic growth in China, the rest of the world and … valuation effects. We also document that debt sustainability is sensitive to the choice of measure used to model sustainability …
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The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the...
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