Bökemeier, Bettina; Owusu, Benjamin; Greiner, Alfred - 2022
This paper empirically studies non-linearities in debt sustainability analysis by resorting to the modern estimation … technique of panel smooth transition regression (PSTR). We assess euro area debt sustainability by analysing the reaction of the … primary balance to changes in public debt, relative to GDP respectively, in annual frequency from 2000-2019 in a panel …