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The aim of our paper is to provide a comprehensive study of public debt in various aspects across the European Union,emphasizing the existing distinctions between the emerging and advanced economies in Europe. Using annual data ranging from 1995 to 2013 we develop investigation manifold....
Persistent link: https://www.econbiz.de/10011262755
for fiscal sustainability and on implications for national and European fiscal policies. …
Persistent link: https://www.econbiz.de/10011262861
In this paper we evaluate the fiscal sustainability of the Dominican Republic using the recursive algorithm proposed by …
Persistent link: https://www.econbiz.de/10011110218
This paper investigates the relationship between public capital expenditure and public debt in the European Union (EU) on a panel of fifteen countries over the sample period 1980-2013. We find robust evidence of a negative cointegrating relation, according to which increases in the capital...
Persistent link: https://www.econbiz.de/10011201279
Public debt is an important means of bridging government financing gaps. Effective and efficient utilization of public debt can increase economic growth. However, excessive reliance on public debt raises macroeconomic problems. A large gap between revenue and expenditure forces a country to...
Persistent link: https://www.econbiz.de/10005789559
eight west European countries along with Australia and New Zeeland. The analysis is compound of a two method estimation of …
Persistent link: https://www.econbiz.de/10008805053
Abstract: Fiscal sustainability has been a hot topic recently. Both the experiences in the past and the Stability and … sustainability of Indonesian debt will depends on several factors, like the international interest rate, economic growth, the … sustainability. …
Persistent link: https://www.econbiz.de/10011109497
carry out, in a systematic and harmonised way, public debt sustainability analysis (DSA) for EU Member States. Analysing … recent and prospective public debt developments and risks to debt sustainability is crucial for EA countries and the EU as a … regular basis (twice a year, following autumn and spring Commission forecasts) an internal "Debt Sustainability Monitor …
Persistent link: https://www.econbiz.de/10011195676
In 2001, Chile was one of the first countries in the world to adopt a structural balance fiscal rule. This paper provides the foundations of the choice of the rule, its methodological design and its initial estimates for the period 1987-2000. The paper also includes a discussion about the use of...
Persistent link: https://www.econbiz.de/10011107349
In this study we perform an analysis of the volatility of the budget deficit for EU countries. We address this issue starting from the new requirements of fiscal discipline imposed by the Treaty on Stability, Coordination and Governance adopted by 25 European Union member states and taking into...
Persistent link: https://www.econbiz.de/10011109814