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public debt ratio, indicating a Ricardian fiscal regime. Furthermore, in a panel framework: (ii) the response of revenues to … method, we find that (v) fiscal sustainability coefficients are higher the higher the lagged public debt ratios, fiscal rule …
Persistent link: https://www.econbiz.de/10013365375
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We … conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …-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
We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … maturity were beneficial for fiscal sustainability. Sovereign debt rating downgrades implied a posterior fiscal reaction that … improves fiscal sustainability. Moreover, fiscal sustainability increased during the implementation of the international …
Persistent link: https://www.econbiz.de/10014391313
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …
Persistent link: https://www.econbiz.de/10011811360
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …
Persistent link: https://www.econbiz.de/10011814265
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …
Persistent link: https://www.econbiz.de/10011822075
(namely fiscal rules) have successfully contributed to greater fiscal sustainability, reduced procyclicality of fiscal …
Persistent link: https://www.econbiz.de/10012598898
We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance … sustainability by positively influencing the responsiveness of the primary and global government balances; the responses of the …-relationship between the fiscal sustainability coefficients. …
Persistent link: https://www.econbiz.de/10013494178
panel data econometric estimators, this article examines the issue of fiscal sustainability for a group of 10 Caribbean … countries over the period 1991-2017. The evidence from panel co-integration models of government revenue and expenditure shows … that past fiscal behavior is “weakly” sustainable. The “weak sustainability” finding is reinforced by evidence from an …
Persistent link: https://www.econbiz.de/10012028426
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We … conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …
Persistent link: https://www.econbiz.de/10013296248