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Debt sustainability analysis for euro area sovereigns: A methodological framework

Bouabdallah, Othman; Checherita-Westphal, Cristina; … - 2017

sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …

Persistent link: https://www.econbiz.de/10011661911

The macroeconomic and fiscal impact of population ageing

Bodnár, Katalin; Nerlich, Carolin - 2022

revenues. Thus, it poses significant challenges for fiscal sustainability, limits fiscal policy space and effectiveness. To …

Persistent link: https://www.econbiz.de/10013480185

The effects of high inflation on public finances in the euro area: Based on the analysis by the Eurosystem members of the Working Group on Public Finance

Bańkowski, Krzysztof (contributor); … - 2023

The recent spike in inflation, unprecedented in the history of the Economic and Monetary Union (EMU), has had major consequences for all areas of the economy, including public finances. This paper aims to provide a detailed assessment of the effects of high inflation on fiscal accounts in the...

Persistent link: https://www.econbiz.de/10014476264

The impact of the euro on money and bond markets

Santillán, Javier; Bayle, Marc; Thygesen, Christian - 2000

The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction of the euro. Significant development in terms of integration took place in both markets in general to a various degree for the different segments. However, there remain room for...

Persistent link: https://www.econbiz.de/10011606153

The global downturn and its impact on euro area exports and competitiveness

di Mauro, Filippo; Forster, Katrin; Lima, Ana - 2010

member states. Furthermore, the strength and sustainability of the recovery in exports will also depend on the structuring …

Persistent link: https://www.econbiz.de/10011606271

Euro area cross-border financial flows and the global financial crisis

Forster, Katrin; Vasardani, Melina A.; Ca' Zorzi, Michele - 2011

This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing recent developments with the main pre-crisis trends. Two prominent features of the period of turmoil were (i) the sizeable deleveraging of external financial exposures by the...

Persistent link: https://www.econbiz.de/10011606278