sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by …

The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support … governments reassess the state of their public finances in light of the global crisis and adopt strategies that will ensure medium …- and long-term fiscal sustainability. Many of the advanced economies most affected by the crisis are also those where age …

structure of Treasury bond yields for the United States with pre-crisis data. This paper uses a software developed by Fund staff …