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commitments have led to a renewed interest in the analysis of debt sustainability in the last decade. This paper discusses the … concept of fiscal sustainability and investigates the factors driving the public debt dynamics in the Republic of Macedonia … dynamics from 2008 is worrying (public debt has doubled in only 7 years). The starting point for assessing debt sustainability …
Persistent link: https://www.econbiz.de/10012266360
In this paper, we analyse the relationship between public primary deficit and debt for Italian sustainability over the … substantial fiscal sustainability in the long run for Italy. This reversed much of the results of previous empirical literature …
Persistent link: https://www.econbiz.de/10012033890
The paper assesses the sustainability of fiscal policy in Jamaica alongside a large public debt stock, albeit falling … debt stock. Fiscal reaction functions are used to assess fiscal sustainability via an OLS, VAR, GMM and VECM models while … the vulnerability of the public debt stock is evaluated using the IMF debt sustainability analysis (DSA) framework through …
Persistent link: https://www.econbiz.de/10012545801
This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the fiscal fatigue approach (Ghosh et al., 2013). We propose the spline technique to estimate each government's reaction function and the sovereign risk premium endogenous to the...
Persistent link: https://www.econbiz.de/10012545587
This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fisher and IPS tests …
Persistent link: https://www.econbiz.de/10010492728
inefficiencies, mounting resistance to further increases of tax burden, and concerns about long term sustainability of public …
Persistent link: https://www.econbiz.de/10010255752
This paper seeks first to test whether there is evidence of fiscal fatigue in the Central Africa Economic and Monetary Community (CEMAC) countries. On the contrary, we want to investigate the impact of fiscal rules on fiscal space to see if the implementation of fiscal rules enhances fiscal...
Persistent link: https://www.econbiz.de/10013454409
The financial crisis placed budget and fiscal policy sustainability on the centre stage of researches. Recently, a …
Persistent link: https://www.econbiz.de/10011700892
This paper assesses Costa Rica's public debt sustainability empirically using three complementary approaches: the …
Persistent link: https://www.econbiz.de/10012545620
parameters for appraising the evolution of public debt sustainability in Turkey. The data set used for estimation is the longest … future course of fiscal sustainability. …
Persistent link: https://www.econbiz.de/10014516184