Fiscal sustainability conditions for the Maastricht gross nominal consolidated public debt are analyzed using Hungarian … data. The components of debt dynamics are grouped following the commonly used debts sustainability approach while the …) of macro variables used in the VAR model help to asses risks to fiscal sustainability. This approach offers a way to …

We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio … can be modified to create a more accurate representation of debt sustainability for a country that receives significant … remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the …

-resource economy, efficiency of spending, and sustainability of fiscal outcomes, the analysis finds that, although investment … fiscal sustainability concerns are taken into consideration. Finally, a balanced composition is the preferred structure of …

This paper introduces a Regime-Switching Model-Based Sustainability test allowing for periodic (or local) violations of … Bohn (1998, QJE)'s sustainability condition. We assume a Markov-switching fiscal policy rule whose parameters … stochastically switch between sustainable and unsustainable regimes. We demonstrate that long-run (or global) fiscal sustainability …

-resource economy, efficiency of spending, and sustainability of fiscal outcomes, the analysis finds that, although investment … fiscal sustainability concerns are taken into consideration. Finally, a balanced composition is the preferred structure of …