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sustainability coefficients. We use Schlicht's (2021) methodology to estimate time-varying fiscal and external sustainability … coefficients for the EU for 27 economies between 2001Q4 and 2022Q3. While fiscal sustainability coefficients derive from the … government revenues and expenditures relationship, external sustainability coefficients were computed from the exports' responses …
Persistent link: https://www.econbiz.de/10014534404
We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …
Persistent link: https://www.econbiz.de/10014444867
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …
Persistent link: https://www.econbiz.de/10013162289
for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …
Persistent link: https://www.econbiz.de/10012172233
for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …
Persistent link: https://www.econbiz.de/10012840203
The paper considers the implications for the EU accession candidates of Central and Eastern Europe of the fiscal-financial constraints imposed by the Stability and Growth Pact and the Maastricht Treaty. Our findings apply also to those current EU members whose initial conditions (e.g....
Persistent link: https://www.econbiz.de/10005792378
for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …
Persistent link: https://www.econbiz.de/10012422041
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … offer significant policy insights for fiscal sustainability in varied administrative contexts. …
Persistent link: https://www.econbiz.de/10014543839
We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of … fiscal rules on sustainability coefficients à la Hakkio and Rush (1991) and Bohn (1998) are heterogenous. Furthermore, before …
Persistent link: https://www.econbiz.de/10014543858
The financial crisis placed budget and fiscal policy sustainability on the centre stage of researches. Recently, a …
Persistent link: https://www.econbiz.de/10011700892