Jan in 't Veld; Pagano, Andrea; Ratto, Marco; Roeger, Werner - Directorate-General Economic and Financial Affairs, … - 2012
This paper proposes a framework for sovereign debt sustainability assessment based on an estimated DSGE model. One advantage of this is that it allows taking into account feedback effects of debt ratios, spreads and fiscal measures on growth and tax bases, and thus capture the impact of changes...