discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the …

by the government to finance programs with more or less important impact on society. Budget deficits and public debt have …

sound public finances are crucial for price and financial stability and for economic growth, concerns about rising debt … commitments have led to a renewed interest in the analysis of debt sustainability in the last decade. This paper discusses the … concept of fiscal sustainability and investigates the factors driving the public debt dynamics in the Republic of Macedonia …

their intricate interplay and nonlinear impact on State-Dependent Debt Limits. The framework highlights the significance of … importance of assessing fiscal pol-icy consolidations aimed at ensuring debt sustainability and responses to global shocks using …

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an … budget deficits and the change in public debt). Governments can engage in creative accounting to hide borrowing and sugarcoat … were established. It discusses the extent to which the new German debt brake limits the borrowing of special funds and …

fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation … the current public debt limit (30 percent of GDP), although there is a trade-off between investment-friendly rules and …

The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two … the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy … containing several statistical novelties: new time series estimates of public debt and GDP (respectively Banca d'Italia, 2008 and …

fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation … the current public debt limit (30 percent of GDP), although there is a trade-off between investment-friendly rules and …

sound public finances are crucial for price and financial stability and for economic growth, concerns about rising debt … commitments have led to a renewed interest in the analysis of debt sustainability in the last decade. This paper discusses the … concept of fiscal sustainability and investigates the factors driving the public debt dynamics in the Republic of Macedonia …