While the established literature on central bank communication has traditionally dealt with communication of monetary policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received little attention. This paper empirically reviews the...

This paper presents a survey of methods to assess fiscal soundness, i.e. the capability of governments to honor their obligations in the short run and in the long run. The need for a comprehensive monitoring of fiscal soundness derives from the risks for economic stability arising from a...