This paper introduces concepts of public sector balance sheet (PSBS) strength, taking into
account different aspects of what governments own in addition to what they owe. It develops …

This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and
examines their relationship with government borrowing costs. In 2018, all G7 countries have …

We construct comprehensive public sector balance sheets for Finland for 2000–2016 by
complementing general government statistics with data on public corporations and …

This paper proposes anchoring medium-to long-term fiscal policy in a Public Sector Net
Worth (PSNW) target. Such a target widens the scope of fiscal policy to include public sector …

Government financial assets are increasingly recognized as playing an important role in
assessing fiscal sustainability. However, very little research has been done on the dynamics …

Causes of financial crisis have been widely explored. Some of the studies looked at credit
risk, financial distress and corporate governance against financial crisis, but as separate …

We analyze the US public sector balance sheet and project it forward under the assumption
that current policies remain in place. We first document the history of the balance sheet and …

Public sector balance sheets (PSBSs) provide the most comprehensive view of public
wealth, yet they are little understood, poorly measured, and only partly managed. Standard …