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A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?

Eichengreen, Barry - 2014

of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …

Persistent link: https://www.econbiz.de/10013050287

A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?

Eichengreen, Barry - 2014

of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …

Persistent link: https://www.econbiz.de/10012458350

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/10011634439

Sovereign risk premia : the link between fiscal rules and stability culture ; conference paper

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013

There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...

Persistent link: https://www.econbiz.de/10010336738

Modelling monetary and fiscal governance in the wake of the sovereign debt crisis in Europe

Herzog, Bodo - In: Economies : open access journal 4 (2016) 2, pp. 1-11

supranational monetary union. Finally, I develop policy recommendations for the ongoing debate in the Eurozone. …

Persistent link: https://www.econbiz.de/10011499402

The European debt crisis and fiscal reactions in Europe 2000-2014

Baldi, Guido; Stæhr, Karsten - 2016

After the outbreak of the global financial crisis, some governments in the EU experienced serious fiscal problems, while others were less affected. This paper seeks to shed light on the divergent fiscal performance in the EU countries before and after the outbreak of the crisis. Fiscal reaction...

Persistent link: https://www.econbiz.de/10011666901

A sustainable Euro area with exit options

Ritzen, Jozef M. M.; Haas, Jasmina - 2016

All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit type developments or new economic shocks. The EU...

Persistent link: https://www.econbiz.de/10011582732

Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment

Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018

Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...

Persistent link: https://www.econbiz.de/10011856496

The public-private wage gap in the euro area a decade after the sovereign debt crisis

Caballero, Víctor; Ghirelli, Corinna; Gómez, Ángel Luis - 2024

Persistent link: https://www.econbiz.de/10015073231

The near-death experience of the Celtic Tiger : a model-driven narrative from the European sovereign debt crisis

Gärtner, Manfred; Griesbach, Björn; Mennillo, Giulia - In: Intereconomics : review of European economic policy 48 (2013) 6, pp. 358-365

This article narrates Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign...

Persistent link: https://www.econbiz.de/10010228470