The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market …

proposed in the literature, that pay special attention to integration orders of deficit and debt processes and the existence of … if fiscal variables follow the pattern of the past in the future, no problems in marketing public debt are expected to …

remains in the straitjacket of the rules-bound transfer union that is the current Eurozone. High outstanding sovereign debt …

problems of real constitutions. Finally, we show applications of this approach to problems of public debt, taxation, fiscal …

Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they … age-related spending imply for the path of debt/GDP ratios over the next several decades. Our projections of public debt …

finance' that generates their result but rather the fact that public debt grows at the same rate as capital and GDP in the …-run growth rate as the balanced-budget rule provided that public debt asymptotically grows at a smaller rate than capital and GDP. …

balance to public debt positions. Overall, our results indicate that the region’s public finances are in good shape as a …

on its debt. We apply a cash-in-advance model where the government does not have access to non-distortionary taxation and … does not account for initial outstanding debt when it sets the income tax rate. Solvency is then not guaranteed and … sovereign default can affect the return on public debt. If the central bank sets the interest rate in a conventional way, the …