We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union
(EMU) countries over the period 1970–2016. Panel unit root tests in the presence of cross …

This study measures the fiscal capacity of welfare states to derive parameters for a
sustainable welfare state. To secure fiscal soundness, it is critical to maintain affordable …

This paper studies the impact of government borrowing costs on fiscal discipline against the
background of unprecedentedly low interest rates in advanced economies brought about by …

The issue of intergenerational public finance accounting emerged as a robust new method
of fiscal analysis and planning designed to assess the long-term sustainability of fiscal policy …

The past decade has witnessed an increase in populist movements across the world. Some
of those movements have gained strong political support and formed populist governments …

This paper estimates fiscal reaction functions to examine the importance of inflation and
inflation surprises for fiscal outcomes in the euro area countries, covering the first 12 …

This paper assesses the impact on the Italian economy of Italy withdrawing from the euro
area by means of stochastic simulations of a macroeconometric model. The model considers …

We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union
(EMU) countries over the period 1970–2016. Panel unit root tests in the presence of cross …

The main goal of the paper is to analyse one-dimensional, isolated impact of particular
variables which are used in the literature as explanatory variables for risk premium following …

With a particular interest for Southern Europe, this contribution develops a classification of
obstacles to economic policy reforms. This classification covers approaches ranging from …