This paper examines the relationship between fiscal variables and economic activity in Ecuador. We use a macro … suggest that Ecuador should recover control of its monetary policy to enable and promote both economic and tax diversification …

We study the dynamics of U.S. public debt in a parsimonious VAR. We find that including debt feedback ensures the … stationarity of debt while standard VARs excluding debt may imply an explosive debt path. We also find that the response of debt to … inflation increases debt while the same to interest rate decreases it. Positive shocks to growth and primary surplus …

discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the …

imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …

sound public finances are crucial for price and financial stability and for economic growth, concerns about rising debt … 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 …

their intricate interplay and nonlinear impact on State-Dependent Debt Limits. The framework highlights the significance of … importance of assessing fiscal pol-icy consolidations aimed at ensuring debt sustainability and responses to global shocks using …

fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation … the current public debt limit (30 percent of GDP), although there is a trade-off between investment-friendly rules and …

by the government to finance programs with more or less important impact on society. Budget deficits and public debt have …

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an … budget deficits and the change in public debt). Governments can engage in creative accounting to hide borrowing and sugarcoat … were established. It discusses the extent to which the new German debt brake limits the borrowing of special funds and …