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This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the …
Persistent link: https://www.econbiz.de/10011606273
This paper aims to assess whether the implementation of the European Union (EU) framework of fiscal rules has been successful in promoting budgetary consolidation in EU Member States. The paper focuses on the period 1991-2002. Stylised facts show that Member States implemented major budgetary...
Persistent link: https://www.econbiz.de/10011606161
to assess the size of a necessary adjustment to achieve sustainability of the debt burden. Uncertainty regarding shocks …-term sustainability. …
Persistent link: https://www.econbiz.de/10011606208