Fiscal sustainability, fiscal reactions, pitfalls and determinants

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to- GDP ratio; and public...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Coelho, José Carlos (author)
Format: workingPaper
Language:eng
Published: 2022
Subjects:
fiscal sustainability
budget balance
public debt
panel data
time-varying coefficients
Eurozone
sovereign ratings
Online Access:http://hdl.handle.net/10400.5/23873
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/23873

Internet

http://hdl.handle.net/10400.5/23873

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