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of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
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of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
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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 …
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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,...
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supranational monetary union. Finally, I develop policy recommendations for the ongoing debate in the Eurozone. …
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