We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …

We assess the time varying features of fiscal sustainability in the euro area via revisiting the empirical relationship … shows that the 2008-2009 global economic and financial crisis exerted a sizeable negative impact on fiscal sustainability …; iv) expenditure-based fiscal rules are strong determinants of fiscal sustainability. All in all, we found some evidence …

the Eurozone, Germany's national central bank is not allowed to buy sovereign securities on its own account. The German … the Eurozone and that it makes sense to consolidate central bank and government(s) even when a government is not issuing a …