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The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999- 2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10010305928
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10011605312
serious in magnitude and can put the sustainability of public finances at risk. However, there is only limited in …
Persistent link: https://www.econbiz.de/10012052882
in this paper. Fiscal risks are significant currently, but sustainability and structural balances are not threatened as a …
Persistent link: https://www.econbiz.de/10012100109
The main goal of this article is to investigate the level of long-term sustainability of public finance in the Central … surpluses and significantly growing public debt volumes prevent the attainment of sustainability in the area of public finance …
Persistent link: https://www.econbiz.de/10011922388
In this paper, institutions are described which are designed to reach sustainability of public finances in the Swiss …
Persistent link: https://www.econbiz.de/10011933303
the budget deficit, (2) assess the sustainability of the public debt, and (3) reduce the risk of the debt becoming …
Persistent link: https://www.econbiz.de/10011940660
anecdotal historical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and … rejection of the hypothesis of fiscal sustainability for the period from 1950 to 2010. This evidence leads to the conclusion … to ensure that fiscal consolidation actually takes place - for the sake of public debt sustainability.  …
Persistent link: https://www.econbiz.de/10014609446
With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction …
Persistent link: https://www.econbiz.de/10014565894
sustainability of public finances in developed economies on the political as well as the scientific agenda. Political decision … reliable analysis of the sustainability of public finances. Against this background many countries have started to regularly … produce sustainability reports or generational accounts over the last decade. These efforts are backed up by several academic …
Persistent link: https://www.econbiz.de/10012290130