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This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and...
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This paper reviews the development of the quality of the main fiscal data released through the Excessive Deficit Pr ocedures (EDP) since the euro's introduction. As such, this paper presents the outcome of various econometric tests based on all the vintages of the annual main fiscal data...
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governments experienced a long period of austerity, driven by economic decline and federal and state measures, the global … financial crisis and "troika" programme caused the need for harsh austerity measures in Greece. In addition, there is a …
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