This study aims to assess the gross domestic debt sustainability of Turkey through construction of a risk index …'s Risk Management Approach (2004). However, unlike most fiscal sustainability studies carried out for Turkey, our index is … uncertainty and finite horizon approach into the analysis of the fiscal sustainability of Turkey. A vector-autoregression (VAR …

debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt-to-GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of … analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the …

This paper modifies several assumptions in the probabilistic approach to fiscal sustainability proposed by Celasun …

primary balance. The sustainability exercise also showed that fiscal policy is sustainable. However, it is found that this … sustainability was not a result of appropriate fiscal policy. While factors outside of the Governments control worsened the primary …