Owusu, Benjamin; Bökemeier, Bettina; Greiner, Alfred - In: Empirical Economics 64 (2022) 3, pp. 1315-1346
This paper empirically studies public debt sustainability with the penalized panel splines approach for 25 EU economies from 2000 to 2019 by estimating the response of the primary surplus to lagged debt relative to GDP, respectively. A positive coefficient on average indicates sustainable...
