and we develop a debt sustainability analysis model with both channels using a country ratings proxy of political risk … rating level, volatility or both. Conversely, sustainability can be restored through reforms that can be as effective as …

sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …

arrest the increase in the debt-to-GDP ratio and regain fiscal sustainability, and if so, why did they fail? Establishing … fiscal sustainability can be done directly or indirectly. Doing it directly entails the government increasing the primary … sustainability is through the impact of expenditure and revenue on economic growth. Leaving revenue for further study later, this …

term structure of public debt on fiscal sustainability. We adopt the widely used backward-looking measure of fiscal … sustainability – fiscal responsiveness as proposed by Bohn (1998). Using data from De Graeve and Mazzolini (2023) and focusing on a … sole factor explaining the negative impact of longer maturity of public debt on fiscal sustainability. …

With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction …

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we … strict fiscal sustainability in most of the 16 German Laender. A notable exception to this finding is Bavaria. …

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of … fiscal rules on sustainability coefficients à la Hakkio and Rush (1991) and Bohn (1998) are heterogenous. Furthermore, before …