In this note we derive the long-run public deficit to GDP ratio that is compatible with a sustainable public debt … converges to zero and that the debt to GDP ratio must be constant in the long-run, the deficit to GDP ratio is derived that …

government deficit-to-GDP ratio in real time and provide a narrative for its dynamics. The model incorporates both monthly cash … as real GDP and the GDP deflator. Our model produces timely monthly density nowcasts of the annual deficit ratio, while …-time vintages of macroeconomic, financial and fiscal variables for Italy, we show that the nowcasts of the annual deficit to GDP …