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growth of its debt-GDP ratio close to its sustainability level over a long period, Japan has slipped away towards non-sustainability …. This is due to the behaviour of primary balance to GDP ratio. The estimated debt sustainability thresholds are 62.0% for … Germany and 176.0% of GDP for Japan. In the post Covid years, Germany would converge back to its debt sustainability level …
Persistent link: https://www.econbiz.de/10013219531
This paper seeks first to test whether there is evidence of fiscal fatigue in the Central Africa Economic and Monetary Community (CEMAC) countries. On the contrary, we want to investigate the impact of fiscal rules on fiscal space to see if the implementation of fiscal rules enhances fiscal...
Persistent link: https://www.econbiz.de/10013454409
debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …
Persistent link: https://www.econbiz.de/10013250092
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 …
Persistent link: https://www.econbiz.de/10013082161
With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction …
Persistent link: https://www.econbiz.de/10013335018
With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction …
Persistent link: https://www.econbiz.de/10014565894
In this paper, we analyse the relationship between public primary deficit and debt for Italian sustainability over the … substantial fiscal sustainability in the long run for Italy. This reversed much of the results of previous empirical literature …
Persistent link: https://www.econbiz.de/10012033890
obtained for a group of 17 OECD countries point to weak fiscal sustainability, as well as to the existence of cointegration …In this paper we unify the traditional approaches to testing for fiscal sustainability considering the stock …-flow system that fiscal variables configure. Our approach encompasses previous ways of testing for sustainability. The results …
Persistent link: https://www.econbiz.de/10010692155
obtained for a group of 17 OECD countries point to weak fiscal sustainability, as well as to the existence of cointegration …In this paper we unify the traditional approaches to testing for fiscal sustainability considering the stock …-flow system that fiscal variables configure. Our approach encompasses previous ways of testing for sustainability. The results …
Persistent link: https://www.econbiz.de/10010692407
for a group of 17 OECD countries point to weak …scal sustainability, as well as to the existence of cointegration between …In this paper we unify the traditional approaches to testing for …s- cal sustainability considering the stock-ow system … sustainability and whether, simultaneously, they try to stabilize real debt target levels. …
Persistent link: https://www.econbiz.de/10010764580