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Increasingly we find that legislatures are considering human rights issues. This article looks at one area where legislative assemblies may offer a distinctive contribution to human rights protection, when exercising their historic role in matters of finance and budgets. The purpose of this...
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This paper estimates a fiscal reaction function (FRF) framework for euro area countries and derives a novel approach to measure fiscal fatigue. As in previous studies, we find evidence that euro area sovereigns abide, on average, by (weak) sustainability constraints. The primary balance improves...
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We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...
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