and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …

and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …

imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …’économie politique de l’ajustement budgétaire. Il commence par examiner l’existence et les sources d’un biais en faveur des déficits …

and cointegration analysis are employed to examine this issue. According to the debt stationarity tests, countries such as … debt stationarity test and intertemporal budget constraint do not account for the costs associated with the transition …

The aim of this Paper is to test for the extent of incompleteness in the market for US Government debt. We show that … when a government pursues an optimal tax policy and issues a full set of contingent claims, the value of debt has the same …. Examining US data, however, reveals that debt is substantially more persistent than other variables and increases in response to …

a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …

Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system. …

. The impulse response test indicates that financial variables innovation has large impact both on the debt and primary … balance surplus dynamics and vise versa. Eventually, the debt and primary balance have a substantial impact on financial …