debt dynamics. While the situation partially reverted in the following years, public debt is still higher than its recent … historical average for most countries in the region. In this context, the sustainability of public debt dynamics has taken on … renewed importance. In this paper, we extend a standard Debt Sustainability Analysis (DSA) framework that considers …

With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction … function where the primary balance relative to GDP is assumed to be a function of the public debt to GDP ratio of the previous … economies from 1996 to 2020. We find statistical evidence for sustainable debt policies and detect that both monetary policy …

debt. We investigate what the typical impact of Caribbean hurricanes on public debt in the region has been and how … debt, measured as the difference between post and pre-storm trends, is about 10 percent. Three years after such a storm …, debt levels are 18 percent higher than what would have been expected otherwise. Based on findings from Extreme Weather …

their intricate interplay and nonlinear impact on State-Dependent Debt Limits. The framework highlights the significance of … initial public capital levels and efficiency in determining the benefits of public investment. High informality rates erode … importance of assessing fiscal pol-icy consolidations aimed at ensuring debt sustainability and responses to global shocks using …

The euro area suffers from excessive public debt, which is the primary cause of the so-called fragmentation. It should …

This study analyzes the correlation between the primary budget balance and the public debt over the last two decades …, for a panel of 12 countries from Central and Eastern Europe, in order to assess their debt sustainability, the level of … debt at which fiscal fatigue may occur, as well as the degree of risk of fiscal fatigue, depending on the past and future …