their debt level, considering evidence from Portugal for the period 2004 - 2013. A static panel data model is applied …-electoral cycle, allowing the conclusion that, given the evidence from Portuguese municipalities, debt increases in election years … local authorities' debt levels. It is also clear that the financial crisis in the period 2008 - 2010 likewise had a positive …

The public debt stock in some economically developed countries continues to increase because of a lack of tax revenues … and the concomitant burdens of social security. Many of those countries suffer from lower birth rates and consequently … allowances reduce the public debt stock as a share of GDP in an economy with a pension system. As long as a non-negative debt …

At the end of 2008, national debt in Germany reached 1.518 Billion Euros. A huge share of these liabilities has its … excessive debt expansion was the much too optimistic fiscal policy strategy in the first post-unification years: The economic … identified in the statistics on debt of public budgets. Yet, the unification still burdens public budgets through various …